Fund That Flip targets a financing problem the company says traditional banks create: 45-to-60-day closings and reluctance to finance distressed properties can cost developers deals, while the U.S. has a documented housing-supply shortage. Its technology-enabled lending and investment platform had originated more than $2 billion with 99.7% of principal returned and 93% of borrowers returning, and the $20 million Series B was intended to expand that model nationally.