Better.com raises USD 160 mn funding
Better.com, an online mortgage platform in the US has closed a USD 160 million (about 1,144 crore) funding round from Activant Capital, Ping An Global Voyager Fund and Ally Financial among others.
The series C round also saw participation from Citi, AGNC, Healthcare of Ontario Pension Plan (HOOPP) and American Express Ventures, who joined existing shareholders Goldman Sachs, Pine Brook, and Kleiner Perkins in the round, a statement said.
"The capital we've raised will enable us to accelerate our investment in product development, grow our strategic partnerships, expand our team and scale our platform to continue making it easier for borrowers to get home financing," Better.com CEO and founder Vishal Garg said.
Better.com said it has grown 3X year-on-year and is currently funding U...