Better.com Stock
Home Financing Ecosystem
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About Better.com Stock
Better.com is a digital mortgage lender. Better.com provides mortgages for both new home purchases and mortgage refinancing. Better.com offers different types of loans such as fixed-rate FHA loans and both fixed and adjustable rates for conventional and jumbo loans. Better.com claims its platform guides customers through finding their price range, getting certainty about loan terms, and funding, and keeping real estate agents up-to-date on progress.
Better.com was launched in 2016 and is headquartered in New York with additional offices in Charlotte, Oakland, Irvine, and Gurgaon, India. Better.com is backed by investors including Goldman Sachs, Citibank, and Kleiner Perkins.
Investors
1/0 Capital
9Yards Capital
Anduril Industries, Chainalysis, Flutterwave, Palmetto Clean Technology, Fundbox, Better.com, Jeeves, Skyryse, TaxBit, Qualia
Activant Capital
Bolt Financial, Better.com, Current, Indigo, ShopKeep, NewStore, Turvo, Sardine
Ally Financial
Alumni Ventures Group
Lacework, Getaround, GrubMarket, Better.com, Groq, Pico, Divergent 3D, SonderMind, Plastiq, Accolade
American Express Ventures
MobiKwik, Stripe, Tradeshift, Melio, Rent the Runway, Turo, Better.com, Signifyd, Guideline, Boxed
Citigroup
Goldman Sachs Principal Strategic Investments
Healthcare of Ontario Pension Plan (HOOPP)
Kleiner Perkins Caufield & Byers
Snap, AppDynamics, Spotify, Instacart, Stripe, Magic Leap, DoorDash, Bloom Energy, Slack, Brex
Moderne Ventures
Pine Brook Partners
Ping An Global Voyager Fund
SoftBank
One97, Flipkart, Delhivery, Cruise, OneWeb, Tokopedia, Ola, Rappi, Devoted Health, AUTO1 Group
Funding History
| May 2016 | $22.7M |
|---|---|
| May 2016 | $7.5M |
| December 2016 | $18.7M |
| December 2016 | $7.3M |
| August 2019 | $1.7M |
| August 2019 | $11.3M |
| August 2019 | $3.7M |
| August 2019 | $7.5M |
| August 2019 | $10.2M |
| August 2019 | $111M |
| August 2019 | $5.0M |
| August 2019 | $10.0M |
| November 2020 | $2.6M |
| November 2020 | $58.2M |
| November 2020 | $5.0M |
| November 2020 | $0 |
| November 2020 | $0 |
| November 2020 | $132M |
Management
Chief Executive Officer
Vishal Garg
Chief Financial Officer
Kevin Ryan
Press
TechCrunch - Jun, 9 2023
Better.com lays off real estate team and shutters business unitTechCrunch - Mar, 10 2023
Better.com’s SPAC gets a lifeline but remains on life supportTechCrunch - Mar, 5 2023
Amazon and Better.com’s unlikely pairingTechCrunch - Sep, 29 2022
Inside the human cost of Better.com’s brutal layoffsTechCrunch - Aug, 26 2022
Better.com confirms fourth layoff in less than 9 monthsTechCrunch - Jul, 19 2022
Better.com is still trying to proceed with its SPAC dealTechCrunch - Jul, 8 2022
Embattled digital mortgage lender Better.com reveals string of new senior exec hires in ‘rebirth’ attemptTechCrunch - Jun, 21 2022
Better.com loses three more senior executives, including SVP and VP of salesTechCrunch - Jun, 8 2022
Former Better.com exec alleges company misled investors ahead of SPACTechCrunch - May, 16 2022
The Interchange: Things go from bad to worse at Better.comTechCrunch - May, 16 2022
Better.com CEO Vishal Garg says he is ‘personally liable’ for $750M SoftBank loanTechCrunch - May, 10 2022
The half-billion-dollar profit swing that led to Better.com’s myriad layoffsTechCrunch - Apr, 15 2022
Better.com said to be planning third round of layoffsTechCrunch - Apr, 9 2022
Daily Crunch: After 16 months on the job, Better.com CTO Diane Yu steps downTechCrunch - Apr, 8 2022
Daily Crunch: Citing ‘uncertain mortgage market,’ Better.com rolls out employee buyout planTechCrunch - Apr, 8 2022
Better.com CTO steps down, agrees to voluntary separation in wake of mass layoffsTechCrunch - Apr, 8 2022
“We probably pissed away $200 million,” Better.com CEO told employees in layoffs meetingTechCrunch - Apr, 7 2022
Better.com offering employees 60-days severance, losing ‘tens of millions’ per month per sourcesTechCrunch - Apr, 3 2022
Better.com teaches us how not to downsize a companyTechCrunch - Mar, 13 2022
Fintech Roundup: Due diligence makes a comeback and a former Better.com employee speaks outTechCrunch - Mar, 9 2022
Better.com employees learned of layoffs when severance checks appeared in payroll appbit - Mar, 9 2022
Better.com plans another round of layoffs in India and USbusiness-standard - Mar, 8 2022
Vishal Garg-run Better.com to 'lay off' 4,000 people this week: ReportTechCrunch - Mar, 8 2022
Better.com plans to lay off about 4,000 people this week, sources sayTechCrunch - Dec, 4 2021
Square’s Better.com name Block is Butter-y smoothTechCrunch - Dec, 3 2021
Better.com gets $1B cash infusion in new agreement with its SPAC backersTechCrunch - Dec, 2 2021
Ahead of public market debut, Better.com lays off 9% of its staffTechCrunch - Sep, 10 2021
Better.com acquires UK-based Property Partner ahead of SPAC closeTechCrunch - Sep, 10 2021
Anatomy of a SPAC: Inside Better.com’s ambitious planshousingwire - Jul, 12 2021
Better.com to acquire UK-based digital mortgage brokeragecoverager - Jul, 12 2021
Better acquires online mortgage broker TrussleTechCrunch - May, 11 2021
Digging into digital mortgage lender Better.com’s huge SPACspr - Apr, 12 2021
Better.com Lands $500 Million in Funding After Record YearTechCrunch - Apr, 9 2021
Mortgage is suddenly sexy as SoftBank pumps $500M in Better.com at a $6B valuationhousingwire - Dec, 2 2020
Reporters discuss bombshell story on Better.com’s Vishal Gargfintechfutures - Nov, 23 2020
Mortgage platform Better.com lands $200m in Series D fundingfinance - Nov, 12 2020
Better.com Working With Morgan Stanley, BofA on 2021 IPOForbes - Nov, 10 2020
Better.com, An Online Lending Startup, Completes Series D At $4 Billion Valuationthein - Sep, 23 2020
Better.com Seeks to Ride Refinancing Wave to a $4 Billion Valuationindianweb2 - May, 19 2020
Better.com to Continue Hiring in IndiaYahoo Finance - Apr, 29 2020
Mortgage applications for home purchases spike despite pandemicbusinesswire - Jan, 15 2020
Better.com Awarded NerdWallet’s Best Mortgage Lender for Refinance 2020EquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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