United States · Financial services startup

Lower

Lower is a fintech company and direct-to-consumer lender founded in 2018.

Funding reportedLast round: Series A

Financial servicesColumbia, United States

About Lower

Lower is a fintech company and direct-to-consumer lender founded in 2018.

It focuses on simplifying the homeownership journey and helping individuals build wealth through real estate. Lower operates as a digital mortgage lender with a multi-channel approach, offering services through its online platform, traditional retail branches, and a Mortgage as a Service (MAAS) platform that allows other businesses to provide its mortgage products. The company serves 47 states plus the District of Columbia and has expanded to over 100 branch locations. Lower provides a range of home finance solutions, including mortgage origination, refinancing options, home equity lines of credit (HELOCs), home insurance, and a dedicated savings account called HomeFund for down payments. It utilizes artificial intelligence and proprietary software to enhance the borrowing experience, making it easier for customers to apply for loans and customize their options. Lower is headquartered in New Albany, Ohio, with additional offices in Columbia, Maryland.

What company datasets say Lower raised

Funding, as reported

Reported in all$100Min dollars
Rounds1
Last roundSeries A
Last round size$100M
Last round dateJun 2021
Investors listed1

On 2 portfolio pages

Investors who name them

Each firm lists Lower on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

homeownership journeymortgage origination softwareconventional loanrefinancing resourcesmortgage and nonmortgage loan brokersmortgagelow interest ratesloan approval automationno-lender-fee refinancefast mortgage processhome loan speed optimizationhomeownership technologyno-code platformbuy a homeproperty funding optionsborrowing against home equity

Built with from their website

GitHub ActionsGoogle MapsEncompassDockerAmazon SESGoogle Tag ManagerSalesforce Service CloudExcel ImpactGoogle SheetsTableau

+8 more

dbtAWS Trusted AdvisorAtlassianAWS Application Load BalancerGoogle AdsFlowFivetranYouTube

Sector
Financial services
Industry code
NAICS 522310, 513210, SIC 6162, 7372
Region
Maryland
Revenue
$300M a year, as listed
Full record
Every detail in the company directory

Financial services in United States

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