Cove Financial Group Gets $10.4M Investment

Irvine-based Cove Financial Group, a financial startup developing alternative, mortgage funding products, said this morning that it has raised $10.4M in a Series A funding round. The funding round came from an affiliate of Jacobs Asset Management, and included both preferred stock and convertible debt. Cove Financial said it is developing a special program for consumers in financial recovery, who are looking to buy a home; the program is specifically targeted at buyers who can put down a deposit for a home, but don't currently qualify for a traditional home mortgage. The company also offers digital marketing technology. More information »