Real Estate

SoftBank invests $500 million in digital mortgage lender Better.com

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Pedestrians wearing protective masks walk past signage for SoftBank Corp. near a store in Tokyo, Japan, on May 15, 2020.

Kiyoshi Ota | Bloomberg | Getty Images

SoftBank has invested $500 million in digital mortgage lender Better.com amid what has been a hot U.S. residential real estate and mortgage refinancing market fueled by record low interest rates.

The news was first reported by The Wall Street Journal on Thursday and later confirmed to CNBC by sources familiar with the matter.

The investment values Better, ranked No. 15 on last year’s CNBC Disruptor 50 list, at roughly $6 billion. That’s a significant jump from the company’s last funding round in November 2020, which valued…



Source cnbc.com

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