Better Mortgage, a NYC-based digital mortgage lender, closed a $70m Series C financing.
Backers included American Express Ventures and the Healthcare of Ontario Pension Plan (HOOPP), and existing investors Kleiner Perkins, Goldman Sachs, and Pine Brook.
The company intends to use the funds for new technology investment, employee growth, and development of partnership channels.
Launched in 2016 by Vishal Garg, CEO, Better Mortgage is a home mortgage company having funded and originated over $2 billion in loans, allowing over 7,000 Americans to buy or refinance their home. The company employs non-commissioned loan officers and technology to bring the mortgage process online, digitizing and removing the inefficient aspects of it.