Valon, which makes software to help US mortgage companies cut red tape and costs, raised a $150M Series D from Ribbit, a16z, and others at a $2.3B valuation (Zoya Hasan/Forbes)

Valon’s $150 million Series D at a $2.3 billion valuation underscores continued investor appetite for modernizing legacy, highly regulated financial workflows—especially in mortgage servicing, where antiquated payment systems still drive cost and manual effort. For CIOs and technology leaders in financial services, this signals that automation, digital payments, and workflow simplification can create meaningful operational leverage while improving compliance and customer experience. IT organizations should view this as a reminder that legacy process modernization in regulated industries is now a strategic competitiveness issue, not just a back-office efficiency play.