About Better Mortgage
Better Mortgage is a company based in New York (United States) founded in 2014 by Zander Rafael and Andrew Unger. Better Mortgage has raised $980 million across 6 funding rounds from investors including SoftBank, Citi and American Express. Better Mortgage has completed 3 acquisitions, including Birmingham Bank, London House Exchange and Trussle. Better Mortgage offers products and services including Mortgage Application Platform, Refinance Service, and HELOC Service. Better Mortgage operates in a competitive market with competitors including loanDepot, Mr. Cooper, Hometap, BASIC Home Loan and Rocket Mortgage, among others.
- Headquarter New York, United States
- Founders Zander Rafael, Andrew Unger
- Stage Unicorn
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Sectors
Financial Services
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Email
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Phone
Locked
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$980 M (USD)
in 6 rounds
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Latest Funding Round
$500 M (USD), Series E
Apr 08, 2021
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Investors
SoftBank
& 15 more
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Employee Count
Not available
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Investments & Acquisitions
Birmingham Bank
& 2 more
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Products & Services of Better Mortgage
Better Mortgage offers a comprehensive portfolio of products and services, including Mortgage Application Platform, Refinance Service, and HELOC Service.
AI tool for applying and approving home purchase mortgages online.
Platform for refinancing existing loans with rate comparisons.
Application for home equity lines of credit with fast access.
People of Better Mortgage
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Software Development Team
58 people
Operations Team
15 people
Legal and Compliance
14 people
Finance and Accounting
13 people
Leadership Team
13 people
Senior Team
12 people
Human Resources and Administration
10 people
Sales and Marketing
6 people
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Funding Insights of Better Mortgage
Better Mortgage has successfully raised a total of $980M across 6 strategic funding rounds. The most recent funding activity was a Series E round of $500 million completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Better Mortgage
Better Mortgage has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include SoftBank, Citi and American Express.
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L Catterton is recognized as a leading consumer-focused private equity group.
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Venture capital fund investing in tech sectors
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Venture capital firm investing in early-stage tech startups
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Investor details for Better Mortgage
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Better Mortgage
Better Mortgage has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Birmingham Bank, London House Exchange and Trussle.
Investment portfolio details for Better Mortgage
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Mortgage advice is offered online to buyers and homeowners.
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Individual properties are traded on a regulated UK investment platform.
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Commercial banking services are provided in the United Kingdom.
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Complete acquisition details for Better Mortgage
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Better Mortgage
Detailed financials for Better Mortgage
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- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Better Mortgage Comparisons
Peer comparison for Better Mortgage
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Better Mortgage
Better Mortgage operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as loanDepot, Mr. Cooper, Hometap, BASIC Home Loan and Rocket Mortgage, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Consumer loans for personal and home needs are provided online.
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Provider of an app-based platform for residential mortgage loans
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Provider of Home loans
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Home loan products are compared and applications supported via platform.
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Residential mortgage loans are offered via an online platform.
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Detailed competitors of Better Mortgage
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Better Mortgage
Complete news archive for Better Mortgage
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Better Mortgage
Better Mortgage was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Better Mortgage is headquartered in New York, United States. It is registered at New York, New York, United States.
Better Mortgage is a funded company, having raised a total of $980M across 6 funding rounds to date.
Online marketplace offering residential mortgage loans for consumers. It offers a platform connecting borrowers with institutional investors for fixed and adjustable rates of conventional and jumbo loans to finance properties including single-family homes, townhouses, condominiums, and planned unit development. Once the loan has been funded, it transfers the loan to an investor, providing servicing of the loan. It also provides title and house refinancing loans and house owner insurance.
Better Mortgage's top competitors include loanDepot, BASIC Home Loan and Rocket Mortgage.
Better Mortgage offers Mortgage Application Platform, Refinance Service, and HELOC Service.
Better Mortgage has made 3 acquisitions, including Birmingham Bank, London House Exchange, and Trussle.
Better Mortgage has 16 investors. Key investors include SoftBank, Citi, American Express, Ally, and Kleiner Perkins.
The valuation of Better Mortgage is $6B as of Apr 2021.