Tidalwave

Challenger

AI-powered mortgage automation platform using agentic AI. Founded 2023, NYC. Raised $24M ($22M Series A Nov 2025). Projects 200K+ loans/year. Private.

AI Mortgage Technology
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Updated April 2026

Company Overview

About Tidalwave

Tidalwave is an AI mortgage platform founded in 2023 by Diane Yu, Jack Deng, and Cheng Li (ex-FreeWheel), headquartered in NYC. Deploys autonomous agents for income/asset verification, document processing, and underwriting. Integrates with Fannie Mae, Freddie Mac, Plaid, Argyle, Truv.

Business Model & Competitive Advantage

Raised $24M including $22M Series A (November 2025) led by Permanent Capital with D.R. Horton. Projects processing 200K+ loans annually (~4% of US mortgage originations).

Competitive Landscape 2025–2026

Agentic AI removes friction throughout the mortgage lifecycle, cutting processing times and reducing errors. Operates as mortgage POS+ system modernizing one of the most document-heavy financial processes.

Revenue
$24M
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Key Differentiators

Strong Challenger

Tidalwave is an established challenger with significant market presence and competitive offerings in Financial Services.

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