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Friday Harbor

“Can AI collapse the mortgage underwriting workflow so that loan officers deliver clean-to-close files in hours instead of weeks?”

Founded2024
HQSeattle, WA, United States
FoundersTheo Ellis, Jesse Collins
Total raised$6M
Latest roundSeed, 2024
IndustryVertical SaaS / Mortgage

The story

Friday Harbor is an AI-powered Originator Assistant for the mortgage industry, co-founded in 2024 by Theo Ellis (ex-Pagaya Technologies) and Jesse Collins. The company sells software to mortgage lenders — it reads borrower documents in real time, flags underwriting conditions, and helps loan officers assemble clean, compliant loan files before formal underwriting. It is a vertical SaaS/AI tool, not a lender or embedded finance provider itself.

Last 12 months

2024

Completed $6M seed round led by Abstract Ventures

Product timeline

2024

Friday Harbor launched with support from AI2 Incubator and CoFound Partners· pivot

2024

Closed $6M seed round led by Abstract Ventures to support engineering growth and LOS/POS integrations· banking

The stack

0 layers disclosed in Friday Harbor’s embedded-finance stack

Accounting gap: none

Friday Harbor — frequently asked

Who founded Friday Harbor?

Friday Harbor was founded by Theo Ellis and Jesse Collins and is founded in 2024, headquartered in Seattle, WA, United States.

How much funding has Friday Harbor raised?

Friday Harbor has raised $6M in total (latest round: Seed, 2024).

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