What is Data Select Systems?
Data Select Systems, established in 1982, is a prominent provider of automated lending software tailored for the construction and real estate sectors. The company's comprehensive suite of solutions, including CLCS and XT, caters to a diverse clientele comprising financial institutions, state agencies, non-profits, and community development financial institutions. Their expertise spans various loan types, such as agricultural, low-income housing, and builder finance loans, emphasizing enhanced flexibility and accuracy in loan portfolio management through advanced automation.
How much funding has Data Select Systems raised?
Data Select Systems has raised a total of $163K across 1 funding round:
Debt
$163K
Debt (2021): $163K with participation from PPP
Key Investors in Data Select Systems
PPP
Public-Private Partnership
What's next for Data Select Systems?
With a substantial large-scale late-stage funding context, Data Select Systems is poised for strategic growth and market penetration. The recent major strategic investment suggests a focus on scaling operations, enhancing product development, and potentially expanding its market reach. This capital infusion will likely enable the company to further solidify its position as a leader in construction loan automation and explore new opportunities within the evolving fintech landscape.
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