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SANTA ANA, CA, March 24, 2010
/24-7PressRelease/ -- ICanBuy has successfully closed its Series A financing for its Mortgage Match Button. This is a sophisticated online widget that offers homebuyers an instant "reality check" about what they can truly afford to buy and who will lend to them. The proceeds of this financing round will be used to expand marketing and sales efforts to promote the technology that has been in the works at ICanBuy for three years.
Matching homebuyers with potential lenders is nothing new. However, most loan match services simply present teaser rates, capture homebuyer information, and sell the information to lenders for follow up. ICanBuy's Mortgage Match Button technology moves this concept light years ahead for the homebuyer. ICanBuy quickly determines not only the maximum home purchase price a buyer can afford and the maximum loan amount for which a buyer will qualify, but also the best mortgage rates available specifically for the buyer. All this information is provided in real time as the buyer enters information on the iCanBuy online app (Widget). ICanBuy then allows homebuyer to compare all solutions and rates so buyers can choose the best fit for them.
"We have worked very hard for more than three years to bring this amazing tool to market." said Alex Aydin, ICanBuy Co-founder and CEO. "The Mortgage Match Button is the only online consumer service of its kind, and it's inspiring to know that our investors see its power and potential as we do."
Series A investors are successful California high-tech veterans Vahid Manian and Massoud Dabir. Vahid Manian served as Senior Vice President of Global Manufacturing Operations at Broadcom Corp. He has 25 years of experience and is considered by many the most accomplished operations executive in the entire semiconductor industry. Mr. Manian served in a number of positions for approximately 12 years at Silicon Systems Inc., a semiconductor manufacturer, including over six years as Director of Operations. Mr. Manian serves as a Director of Fabless Semiconductor Association. He is also a member of the Technical Advisory Board at Symwave, Inc. and was Vice Chairman of Global Semiconductor Alliance.
"His extensive operational experience is invaluable for ICanBuy," said Alex Aydin.
Massoud Dabir is currently President/CEO of DTEC, a semiconductor company. Previously he was Executive VP/COO of Valance Semiconductor. Mr. Dabir has over 25 years of technology sector experience. During 14 years with Seagate, Dabir held several positions including Executive Director of IC Development. Most recently, he served as Vice President, Strategic Marketing & Technology Development for Marvell Electronics (NASDAQ: MRVL). Previously, he held engineering positions at Memorex Corporation and Bechtel Group, Inc.
"Massoud brings many years of experience in strategy, sales and marketing. We are extremely excited to have Massoud and Vahid as part of our Board, and their help in growing the company," said Alex Aydin."
To see how the Mortgage Match Button puts knowledge and purchasing power back into homebuyers' hands, check out the streaming demonstration at
www.icanbuy.com.
About ICanBuy
Based in Santa Ana, California, ICanBuy is the only company today that establishes the home buyer's borrowing capacity and purchasing power in addition to comparison shopping the mortgage rate to identify the best available programs and rates. It is the combination that makes us unique and pretty much the only one offering it. We cut through the confusion of the mortgage market to inform and empower homebuyers to make sound financial decisions. Learn more at
www.icanbuy.com.
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