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Former Zillow execs raise $70m seed round for Tomo, which wants to simplify the mortgage process

Connecticut based full stack digital mortgage provider raised $70m in seed funding led by Ribbit Capital.

“The big banks have never made more money, yet an experience with their mortgage business has never been worse...and it’s because the incumbents have no reason to fundamentally change," said Greg Schwartz, CEO and co-founder.

Tags

series seed, mortgagetech, female founders