Home-financing startup Better.com has raised £132mn ($160mn) in its series C funding round.
In Brief:
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Other investors included Activant Capital and Ping An Global Voyager.
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The company’s total funding to date is now £209mn ($254mn).
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The business was started in 2016 and aims to speed up the mortgage application process by digitising many elements, claiming to cut closing time down by as much as 50%.
What does this mean?
Branch visits are becoming a thing of the past as more customers sign up to digital-only banks, and this has stretched as far as mortgages with a growing number of consumers happy to apply at home rather than sit down with a banker.
