Fintech · San Francisco, United States
Chestnut
Chestnut is the first AI mortgage lender licensed in Texas and Colorado, completed YC X25 and backed by Y Combinator and Olive Tree Capital, founded by Spencer Brown to disrupt the $128B mortgage market with AI.
Work at Chestnut?
- Location
- San Francisco, United States
- Team size
- 1-10
- Founded 2025
- Total raised
- $500k
- last round Jul '25
About Chestnut
Chestnut, founded in January 2025 by Spencer Brown, is the first AI mortgage lender and is licensed to operate in Texas and Colorado. The company recently completed YC X25 and is backed by Y Combinator, Olive Tree Capital (Uber, Postmates, Ramp), and other investors. Brown's prior startup built software used by a top-10 mortgage lender to power over $85 billion in loan volume and all aspects of loan processing, and created a system of record for mortgage lending that powered 2% of US mortgages annually. Chestnut was founded to challenge the $128 billion mortgage market head-on because traditional lenders weren't poised to adapt to AI.
Funding
$500ktotal raised
- Jul 2025 · Funding round$500k
Company at a glance
The team at Chestnut
1-10 peopleSee everyone on LinkedIn
Location
Life at Chestnut
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Chestnut is based in San Francisco, United States.
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