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Better.com Hauls in $500M Investment from SoftBank

Saturday, Apr 17 2021
Originating
Written by  The Mortgage Leader

Better.com has seen its market value continue to rise following a $500 million investment by Japan’s SoftBank. So reports CNBC.

BetterSoftbank’s purchase reportedly values the digital mortgage lender around $6 billion, up substantially from Better’s $4 billion valuation in its November 2020 funding round.

SoftBank reportedly acquired its stake from existing investors, so the investment doesn’t put fresh money in the bank for Better, but SoftBank agreed to give all of its voting rights to company founder Vishal Garg.

Read the full article from CNBC. 

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