Lower is a home-finance platform that began with a retail mortgage brand (Homeside) and later launched a direct-to-consumer digital lending site and mobile app. The company offers mortgages, a savings product called HomeFund, and an insurance marketplace that works with more than 35 carriers. HomeFund is an FDIC-insured deposit account with a 0.75% APY and a dollar-for-dollar match in rewards up to the first $1,000 saved. Lower has funded billions in loans, reported roughly $300 million in revenue in 2020 after doubling revenue year-over-year, and is profitable. The company has grown headcount to about 1,600 employees, roughly half based in its home state. Future plans include launching a native servicing platform in early 2022, an aggressive roadmap of new features and services, expanding market share, and pursuing longer-term public markets ambitions.

Total raised

$100M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2021