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'Paypal for Mortgage' Tomo Raises $40M to Speed Homebuying

Tomo, a fintech startup that plans to be a “PayPal for the mortgage industry” has announced $40 million in Series A funding. So reports GeekWire.

TOMOThe funding round values Tomo at $640 million, twice what it was worth upon its $70 million seed round in 2021.

Launched in October 2020 by former Zillow executives Greg Schwartz and Carey Armstrong, Tomo aims to make buying new homes faster thanks to software.

Read the full article from GeekWire.

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