Online Mortgage Lender Better.com Raises $200M to Fuel Hiring Push

Ellen Glover
November 10, 2020
NYC-based Better.com raises $200M amid hiring push
Photo: Better.com

On Tuesday, online mortgage lender Better.com confirmed it closed on a $200 million Series D round led by L Catterton, with participation from existing investors including Activant Capital and American Express Ventures.

Founded in 2016, Better.com aims to improve the mortgage industry with its technology. The company claims that its platform aims to help its users save time and money when searching for mortgage, real estate, title and homeowners insurance because they are doing it completely online. To date, the company says it has funded $25 billion in home loans, and counts industry giants like Goldman Sachs and American Express as its backers.

Unnamed sources familiar with Better.com told Bloomberg that, as of this latest round, the company is valued at about $4 billion, indicating that consumers are managing their finances online more than ever.

Indeed, Better.com says this latest funding comes at a time of “significant growth,” with its funded loan volume growing 4X in the last year. The company attributes this growth to a larger shift toward fintech as the “new normal,” saying 67 percent of Americans plan to continue managing their finances digitally even after the pandemic is over.

“Better was founded to help eliminate unnecessary barriers to home financing,” CEO and founder Vishal Garg said in a statement shared with Built In. “We’re excited about new and existing investors continuing to support our mission to make homeownership simpler, faster and more accessible to all Americans.”

Going forward, Garg says this fresh funding will help the company continue to build out its technology and grow its team. Right now, Better.com has more than 75 open tech positions available at its NYC headquarters, and dozens more at its various offices around the country.

Also in NYCVimeo Raises $150M Amid ‘Record’ Growth, Plans a Hiring Surge

Jobs at Better.com91 open jobs
All Jobs
Finance
Data + Analytics
Design + UX
Dev + Engineer
HR + Recruiting
Legal
Marketing
Operations
Product
Project Mgmt
Sales
Sales
new
Better.com
Remote
HR + Recruiting
new
Better.com
New York
HR + Recruiting
new
Better.com
New York
Marketing
new
Better.com
New York
Sales
new
Better.com
New York
Data + Analytics
new
Better.com
New York
Data + Analytics
new
Better.com
New York
HR + Recruiting
new
Better.com
New York
Finance
new
Better.com
New York
Developer
new
Better.com
New York
Developer
new
Better.com
New York
Project Mgmt
new
Better.com
New York
Data + Analytics
new
Better.com
New York
Sales
new
Better.com
Remote
HR + Recruiting
new
Better.com
New York
Data + Analytics
new
Better.com
New York
Product
new
Better.com
New York
HR + Recruiting
new
Better.com
New York
Operations
new
Better.com
New York
HR + Recruiting
new
Better.com
New York
Design + UX
new
Better.com
Remote
Design + UX
new
Better.com
Remote
Project Mgmt
new
Better.com
New York
Operations
new
Better.com
New York
Operations
new
Better.com
New York
Developer
new
Better.com
New York
Product
new
Better.com
New York
Sales
new
Better.com
New York
Developer
new
Better.com
New York
Design + UX
new
Better.com
Remote
Developer
new
Better.com
New York
Operations
new
Better.com
Remote
Developer
new
Better.com
New York
Operations
new
Better.com
New York
HR + Recruiting
new
Better.com
New York
Operations
new
Better.com
New York
Marketing
new
Better.com
New York
Data + Analytics
new
Better.com
New York
Operations
new
Better.com
New York
Product
new
Better.com
New York
Developer
new
Better.com
New York
Developer
new
Better.com
New York
Sales
new
Better.com
Remote
Operations
new
Better.com
Remote
Finance
new
Better.com
New York
Marketing
new
Better.com
New York
Product
new
Better.com
New York
Product
new
Better.com
New York
Data + Analytics
new
Better.com
New York
Finance
new
Better.com
Remote
Developer
new
Better.com
New York
Developer
new
Better.com
New York
Developer
new
Better.com
New York
HR + Recruiting
new
Better.com
New York
Data + Analytics
new
Better.com
New York
Data + Analytics
new
Better.com
New York
Design + UX
new
Better.com
New York
Product
new
Better.com
New York
Operations
new
Better.com
New York
Product
new
Better.com
New York
Design + UX
new
Better.com
New York
Developer
new
Better.com
New York
Design + UX
new
Better.com
New York
Finance
new
Better.com
New York
Product
new
Better.com
New York
Operations
new
Better.com
New York
Product
new
Better.com
New York
Developer
new
Better.com
New York
Operations
new
Better.com
New York
Operations
new
Better.com
New York
Operations
new
Better.com
New York
Developer
new
Better.com
New York
Data + Analytics
new
Better.com
New York
Finance
new
Better.com
New York
Project Mgmt
new
Better.com
New York
Data + Analytics
new
Better.com
New York
Developer
new
Better.com
New York
Sales
new
Better.com
New York
Operations
new
Better.com
New York
Operations
new
Better.com
New York
Operations
new
Better.com
New York
Operations
new
Better.com
New York
Project Mgmt
new
Better.com
New York
Data + Analytics
new
Better.com
New York
Operations
new
Better.com
Remote
Product
new
Better.com
New York

NYC startup guides

LOCAL GUIDE
Best Companies to Work for in NYC
LOCAL GUIDE
Coolest Tech Offices in NYC
LOCAL GUIDE
Best Benefits at NYC Tech Companies
LOCAL GUIDE
Women in NYC Tech
Developer Jobs
View 935 jobs
Design + UX Jobs
View 194 jobs
Marketing Jobs
View 313 jobs
Product Jobs
View 238 jobs
Sales Jobs
View 539 jobs
Data Jobs
View 331 jobs