Softbank investing $500M in startup Better - report

Thursday, 08. April 2021 19:12

SoftBank Group Corp. will invest $500 million in mortgage lender Better, which is aiming to go public later this year, the Wall Street Journal reported on Thursday.

New York-based Better was founded in 2014. The company has so far extended $25 billion in home loans to its customers, people close to the matter told the newspaper.

The investment values the startup at approximately $6 billion, the WSJ said.

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Breaking the News / MD