The transaction hiked the onine mortgage platform developer's valuation 50% to $6bn in five months as it begins to prepare for an initial public offering.
Telecommunications and internet group SoftBank has provided $500m in funding for US-based online mortgage platform Better at a $6bn valuation, the Wall Street Journal has reported, citing people familiar with the matter.
Better offers a streamlined online mortgage and mortgage refinancing service through financial services partners that eschews charges and commission fees. It is preparing to float later this year, sources told WSJ.
The round boosted the company’s overall funding to $954m and increased its valuation 50% from November 2020…
