Better

Category
  • Fintech
Founded

2014

CEO
  • Vishal Garg

Location

New York,

NY

Website

Re-architecting the homeownership experience

Category
  • Fintech
CEO
  • Vishal Garg

Founded

2014

Location

New York,

NY

Website

About

Through its full-stack mortgage origination, underwriting, and capital markets platform, Better is transforming the way homebuyers and financial institutions purchase mortgages from the ground up.

For homeowners , the process of securing a mortgage is time consuming, frustrating, and expensive. Meanwhile, financial institutions like banks and credit unions mustpurchase large quantities of mortgages to support their retail banking deposit obligations. These transactions are currently brokered manually without much data, digitization, or scale. Furthermore, many financial institutions – especially those without a significant existing brick & mortar presence such as digital banks and fintech companies – want to originate mortgages for their customers, but the cost of doing so by traditional means is prohibitively expensive.

The friction that exists across the mortgage value chain comes as a result of an industry that has remained incredibly manual for decades. Better is re-architecting the mortgage process completely, with a tech-first digital platform that breaks down data silos across legacy incumbent systems and utilizes machine learning and automation to provide an incredible user experience.

Homeowners using Better can get approved for a mortgage 3x faster, and save up to 50% on fees throughout the process. Financial institutions can buy mortgages in the secondary market using Better’s digital capital markets platform – the first of its kind. Banks and fintech companies can use Better’s private label service to offer an incredible mortgage experience to their customers, without the overhead of an in-house mortgage business.'

Read more about our thesis and investment in Better here.

Our Investment

  1. SeriesC

    Money raised

    $ 160 MM

    Investors

    Activant

    Lead

    Kleiner Perkins

    Goldman Sachs

    Citigroup

    American Express Ventures

  2. SeriesD

    Money raised

    $ 200 MM

    Investors

    L Catterton

    Lead

    Activant

    American Express Ventures

    9Yards Capital

    Ping An Global Voyager Fund

Partnering with us

Founders who aspire to build something bigger than themselves chose to partner with us at their most critical point.

Learn more