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Beeline Receives Strategic Investment From Stone Point Capital To Fuel External Workforce Technology Innovation

May 03, 2022•about 3 years ago
Providence

Description

Beeline, the independent leader in software solutions for sourcing and managing the global extended workforce, today announced it has received a majority investment from funds managed by Stone Point Capital, a leading private equity firm. The strategic investment will allow Beeline to further accelerate its leading technology platform and bring additional solutions to market, helping businesses unlock the power of the extended workforce. Existing investor New Mountain Capital will remain a minority investor in the company, with representation on the company's board of directors.

Company Information

Company

Beeline

Location

Providence, Rhode Island, United States

About

Beeline is a U.S. home lender that gives consumers the shortest path to realize their dreams of a new home or refinancing. A radical new way to apply without the hassle of filling out long, tedious documents gives Beeline customers more certainty with a Beeline Ready-Approval than from a typical pre-approval with much less effort, by letting consumers link directly to their exact financial info in seconds. This gives Beeline accurate information and users the lowest rates. Best of all, applying takes only 15 minutes from the sofa on a mobile device day or night. Speeding up approvals also means Beeline can give low rates to its customers. Based in Providence, R.I., Beeline is licensed in 26 states, including the District of Columbia. Find out more at www.makeabeeline.com.