Sherlok Company Profile
Sherlok, founded in 2019 and headquartered in Adelaide, Australia, is a privately held, venture capital-backed company with 19 employees that develops an AI-driven retention and refinancing platform for mortgage brokers to predict client attrition, lower interest rates, and enable single-click refinancing to grow loan books and prevent commission clawbacks, having raised a total of $5.59 million across multiple funding rounds and competing with firms like Sweden-based Anyfin.
Overview
Sherlok is a developer of a retention and refinancing platform designed to help mortgage brokers retain and refinance existing clients with a single click. The platform leverages AI and machine learning to predict which clients are likely to leave a mortgage broker's loan book, lowers the client's interest rate, and offers single-click refinancing. This enables mortgage brokers to increase loan book growth through client retention and prevents clawback commission.
- Year Founded: 2019
- Status: Private
- Employees: 19 (as of 2023)
- Primary Industry: Business/Productivity Software
- Other Industries: Financial Software
- Verticals: Big Data, SaaS, Artificial Intelligence & Machine Learning, Mortgage Tech, FinTech, Real Estate Technology
- Headquarters: 78 Edmund Avenue Unley, Adelaide, South Australia 5061, Australia
- Website: www.sherlok.com.au
- Formerly Known As: Refime
- Ownership Status: Privately Held (backing)
- Financing Status: Venture Capital-Backed
Valuation & Funding
Sherlok has completed several funding rounds:
- Early Stage VC (June 30, 2023): $3.4M (Completed, Generating Revenue)
- Early Stage VC (December 16, 2022): Amount not disclosed (Completed, Generating Revenue)
- Early Stage VC (October 1, 2021): $1.5M (Raised to date: $1.94M, Completed, Generating Revenue)
- Seed Round (December 1, 2020): $437K (Raised to date: $437K, Completed, Startup)
Total funding raised: $5.59M
Investors
Sherlok's investors include:
- Jinding (Real Estate)
- Steam Ventures (Australia) (Venture Capital)
- Paloma Group (Venture Capital)
- Proviso (Corporation)
Competitors
One of Sherlok’s competitors is Anyfin, a venture capital-backed company based in Stockholm, Sweden.
FAQs
When was Sherlok founded?
Sherlok was founded in 2019.
Where is Sherlok headquartered?
Sherlok is headquartered in Adelaide, Australia.
What is the size of Sherlok?
Sherlok has 19 total employees.
What industry is Sherlok in?
Sherlok’s primary industry is Business/Productivity Software.
Is Sherlok a private or public company?
Sherlok is a private company.
How much funding has Sherlok raised over time?
Sherlok has raised $5.59M.
Who are Sherlok’s investors?
Jinding, Steam Ventures (Australia), Paloma Group, and Proviso have invested in Sherlok.
Who are Sherlok’s competitors?
Anyfin is a competitor of Sherlok.