SoftBank invests $500 million in digital mortgage lender Better.com

www.cnbc.com
1 min read
standard
SoftBank has invested $500 million in digital mortgage lender Better.com, valuing the company at roughly $6 billion amid a pandemic-induced refinancing frenzy.
SoftBank has invested $500 million in digital mortgage lender Better.com amid what has been a hot U.S. residential real estate and mortgage refinancing market fueled by record low interest rates.

The news was first reported by The Wall Street Journal on Thursday and later confirmed to CNBC by sources familiar with the matter.

The investment values Better, ranked No. 15 on last year's CNBC Disruptor 50 list, at roughly $6 billion. That's a significant jump from the company's last funding round in…
Riley de León
Read full article