OAKLAND, Calif. - Xpede Inc. announced Monday that it has raised $43 million in its second venture funding round. It raised $10 million in its first round last June.
In addition to several venture capitalist firms - the Carlyle Group, ABN Amro, iGate Ventures, Sapient Corp. - investors in the latest capital-raising effort included First Union Capital Partners and Fannie Mae. Xpede creates back-end technology - usually in the form of privately labeled Web sites - to help lenders with mortgages, credit cards, and other loans. It handles mortgages for First Union and Finance America, a subprime lender.