Low interest rates prompted record numbers of Americans to refinance their homes this spring. An online mortgage startup that has seen strong growth from the surge in lending is now seeking new finance with a significantly higher valuation than its last cash inflow a year ago.
Better.com is nearing a deal to raise more than $ 100 million in new funding that will value the company at about $ 4 billion, up from about $ 720 million last year, two people familiar with the matter said. . The company told investors it expects revenue to grow from about $ 100 million last year to over $ 800 million this year, people said.