Tomo Mortgage, a NYC-based digital mortgage lender, raised $20M in Series B funding.
Backers included Progressive Insurance, Ribbit Capital, NFX, and DST Global Partners. The round brought total investment to date to $130M.
The company intends to use the funds for growth across its team and product offerings.
Led by CEO Greg Schwartz, Tomo develops a continuous automation platform that enhances the lending process making it fast, and cheap. In 2024, the company achieved 3.5x growth and is on track to be one of the largest mortgage companies in the U.S. It is now operating in 31 states, including D.C.
The company is rapidly hiring loan officers and other mortgage professionals for its Detroit, Seattle and New York offices to meet increasing demand, and shift its headquarters from Stamford, CT to New York City.
FinSMEs
12/03/2025