Fee-less mortgage provider

portfolio

About the company

Based in New York City, Better is a direct lender working with buyers to transform the entire mortgage process, from application to funding of a loan.

Valuation

$4.51B

Country

USA

Founded

2014

Lead investors

SoftBank

American Express Ventures

Citi

Business highlights

1

Better.com lent out $24 billion in loans in 2020, which helped to receive $800 million in revenues.

2

Better.com was able to reach $14 billion in provided loans during the first quarter of 2021. Now, the company is processing loans for $4 billion per month.

3

Currently, Better.com has 6,000 employees — up 2,000 from October 2020.

Management

CEO

Vishal Garg

CFO

Howard Katzenberg

CTO

Erik Bernhardsson

Deal terms

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Company tags:
PropTech Pre-IPO
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Last updated:
11 September 2023

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