Quo’s consumer app connects to users’ credit, savings and income data to build a financial profile and compare it against mortgage underwriting guidelines, showing what a user can afford today and what they must change to qualify. The product recommends concrete shortcuts—for example which debts to pay off versus when to save for a down payment—to accelerate readiness for a mortgage. Quo acquired Uncapped Mortgage and rebranded it QuoHome to provide licensed mortgage-brokering services to users once they are ready to buy. The company says users have amassed $200 million in home-buying power and are working towards $1.2 billion in homes, growing at over 100% CMGR; it also reports members manage over $21 million in home savings and are building toward almost half a billion dollars in homes since its beta. The bulk of the new funding will be used to accelerate growth of the QuoHome coaching app. Quo was founded with a mission to make building wealth more equitable and to hand-hold consumers through the complex mortgage process.

Total raised

$7M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2021