Lower, a New Albany, OH-based millennial and Gen-Z focused home finance platform, raised $100m in Series A funding.
The round was led by Accel. Accel partner John Locke is joining Lower’s board of directors.
The company intends to use the funds to expand its product line and accelerate its growth, hiring new people.
Founded by Mike Baynes, Robert Tyson, Grayson Hanes, Chris Miller and Dan Snyder, Lower provides a home finance platform that allows customers to deposit money and save for a home, get a mortgage to buy a home, refinance an existing mortgage, and obtain insurance to protect their home. Lower is a FNMA/FHLMC/GNMA seller-servicer that has funded billions in loans and works with more than 35 major insurance carriers nationally including Nationwide, Liberty Mutual and Allstate.