She helped build the software by first doing the stubborn, regulated work it was meant to replace. Seven years later, Valon has sold the operating company and kept the operating system.
Andrew Wang is the co-founder and CEO of Valon, a New York fintech that rebuilt the plumbing of mortgage servicing from scratch. An engineer-turned-private-credit-investor who left a principal seat at Soros Fund Management, he set out to fix an industry still running on software from the 1960s-80s. Valon became the first new servicer to win Fannie Mae licensing on a proprietary system, now runs tens of billions in mortgages on its platform ValonOS, and raised a $100M Series C in October 2024 led by WestCap with Andreessen Horowitz.