A startup that buys equity in American homes just got its largest financial commitment to date through a $150 million boost from a New York hedge fund, amid rising home prices that are fueling demand for home-equity products. Point Digital Finance Inc. lends capital to people and receives partial ownership in their homes in return. The three-year-old startup targets customers who are seeking an alternative to traditional loans. Atalaya Capital...Read More
June 1, 2017
Spruce, a new startup looking to speed up the mortgage-closing process, has raised $4.5 million in its Series A financing from Bessemer Venture Partners, Omidyar Network and Third Prime Capital, along with a slew of private angel investors. Founded by two former employees of the robo-advisory wealth management company Betterment, the new startup is notable for a few reasons.