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Valon

“Can a proprietary mortgage-servicing OS replace legacy software and become the financial infrastructure layer for the entire residential mortgage lifecycle?”

Founded2019
HQNew York, NY (also Phoenix, AZ office)
Total raised$230M
Latest roundSeries C, October 2024
IndustryVertical SaaS / Mortgage Servicing
The story

Founded in 2019 as Peach Street (later GoServiceOne), Valon pivoted to become a branded, consumer-facing tech-enabled mortgage servicer after raising its a16z-led Series A in 2021. The company's embedded finance story centers on replacing legacy servicing software with a proprietary platform (ValonOS) that unifies complex fund flows — escrow, payoff, loss mitigation — at scale. By 2024, Valon had evolved from pure servicer to positioning itself as the 'AI-native operating system for mortgage servicing,' offering the platform to third-party originators and investors, expanding into HELOC/HELOAN origination, and processing over $2B/month through Modern Treasury.

Last 12 months
2024-10
2024-12
Product timeline
2019
Founded as Peach Street (also known as GoServiceOne), a tech-enabled residential mortgage servicer.· pivot
2021
Raised $50M Series A led by a16z and rebranded to Valon; secured Freddie Mac and FHA approval to service government-backed loans.· banking
2021
Partnered with Starwood Capital Group and Freedom Mortgage; began development of loan originations and property insurance business.· lending
2024
Raised $100M Series C led by WestCap; grew to $100B+ in mortgages on platform; reported 400% YoY growth.· banking
2024
Launched ValonOS — a unified AI-native operating system for mortgage servicing combining system of record, workflows, task management, and money movement.· pivot
The stack
3 layers disclosed in Valon’s embedded-finance stack
Money movement
ACH
Ledger
in the full report
Lending
in the full report
Accounting gap: none
4 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.