What is Data Select Systems?
Established in 1982, Data Select Systems specializes in providing comprehensive automated lending software solutions tailored for the construction and real estate industries. Their offerings cater to a diverse clientele, including financial institutions, state agencies, non-profits, and Community Development Financial Institutions (CDFIs). The company's software suite, featuring products like CLCS and XT, is designed to enhance the flexibility and accuracy of construction loan automation, covering various loan types such as agricultural, low-income housing, and builder finance loans. This focus on specialized automation positions Data Select Systems as a key technology provider in its niche.
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 late-stage funding context, Data Select Systems is poised for significant scaling and market expansion. The recent strategic investment will likely fuel further innovation in their lending automation software, potentially leading to new product development or enhancements to existing platforms. This capital will also enable the company to broaden its reach, targeting new client segments and geographical markets. The company's long-standing expertise since 1982, combined with this recent financial backing, suggests a strategic push to solidify its leadership in construction loan automation and related financial technology sectors.
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