Better.com is part of a wave of fintech startups targeting the home-buying market via tech-oriented platforms that appeal to millennials, who now account for most new mortgages in the U.S. As Fortune has reported, home-buying tech startup recently Flyhomes sealed $141 million in new financing last week, while the mortgage and consumer lending fintech firm Blend raised $130 million in new venture funding earlier this summer. Garg founded Better.com after experiencing a “terrible” mortgage application process of his own several years ago, which led to he and his wife losing their desired home to an all-cash buyer. The startup’s platform aims to digitize and streamline that process to allow buyers to close a typical mortgage in half the time it usually takes (21 days, versus an industry average of 42 days).

https://fortune.com/2019/08/19/mortgage-lender-better-series-c-funding