Company profile: Better
1.1 - Company Overview
Company description
- Provider of a digitized homeownership platform that streamlines home financing, eliminating commissions, fees, and branch appointments. Offers One Day Mortgage for commitment letters within 24 hours, Better HELOC with 24-hour decisions and cash in as little as 7 days, Better Real Estate agents, Better Settlement Services for faster title insurance, and Better Cover comparing policies from over 20 carriers.
Products and services
- Better HELOC: Offers a technology-enabled Home Equity Line of Credit with decisions within 24 hours and access to cash in as little as 7 days, tapping up to 90% home equity
- One Day Mortgage: Delivers a digitized mortgage process that produces a Commitment Letter within 24 hours of locking a rate, significantly speeding up traditional timelines and eliminating time-wasting branch appointments
- Better Cover: Supplies a digital marketplace that compares policies from over 20 carriers and features competitive quotes to find suitable home, auto, or life insurance options
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Better
eCommission
HQ: United States
Website
- Description: Provider of commission advance funding services for real estate sales professionals across the United States, leveraging technology for fast, easy processing and superior customer satisfaction. Offers commission advances that allow agents to receive a portion of pending commissions before the sale closes, providing immediate access to funds, and a payment gateway enabling brokers to electronically send commissions to agents on closed transactions in real time.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
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Oakbrook
HQ: United Kingdom
Website
- Description: Provider of consumer lending and embedded finance solutions, offering loans from £500 to £15,000 with digital application and management. Powered by its O6K platform for customer onboarding, analytics and decision-making. Connects investors with consumer lending opportunities via price comparison integrations, with managed loan origination and customer management services.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Meritize
HQ: United States
Website
- Description: Provider of merit-based funding solutions for skills-based education and workforce development. Offers student loans powered by the Meritize Score, which evaluates academic, military, and work achievements, plus career services for job search and coaching, Meritize Connect to explore training options, and hiring solutions for employers with on-demand recruiting, training, and working interviews.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Credit and Debt
HQ: United States
Website
- Description: Provider of consumer financial services offering debt management plans administered through non-profit credit counseling agencies, debt settlement, and debt consolidation; personalized financial coaching; credit monitoring with identity theft and dark web protection; student loan refinancing guidance; and tools to manage debt, monitor credit, and find loans and credit cards.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Credit and Debt company profile →
Bonify
HQ: Germany
Website
- Description: Provider of credit scoring tools and services that give customers free, easy access to their credit score and let them upload relevant financial data. Offers tools and personalized recommendations to help optimize users' financial situation. Berlin-based fintech startup.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Bonify company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Better
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Better
2.2 - Growth funds investing in similar companies to Better
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4 - Top valuation comps for Better
4.2 - Public trading comparable groups for Better
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