Better.com
As 2023 comes to a close, we’re here to look back at the biggest fintech stories of the year. Silicon Valley Bank’s implosion felt like a fintech story in that…
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. Better.com finally went public last week, and the stock’s performance was worse…
Better.com’s stock tanks after SPAC combination brings it to the public markets
Shares of Better.com are getting hammered into the ground Thursday morning after the digital mortgage company completed its long-delayed SPAC merger and began to trade as a public company for…
As Better.com readies for its public debut, CEO Vishal Garg says he went through ‘a lot of leadership training’
Online mortgage lender Better.com is making its public debut Thursday on the Nasdaq Capital Market under the ticker symbols “BETR” and “BETRW.” After merging with SPAC Aurora Acquisition Corp., the…
We didn’t think we’d see the day. Digital mortgage lender Better.com’s proposal to combine with Aurora Acquisition Corp. via a SPAC (special purpose acquisition) has been approved by shareholders, the…
SEC ends investigation into Better.com, which continues to bleed cash ahead of planned SPAC vote
The U.S. Securities and Exchange Commission (SEC) said it does not intend to recommend an enforcement action against digital mortgage lender Better.com. The pronouncement comes after an investigation on the…
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Digital mortgage lender Better.com is exiting the real estate business. The struggling fintech startup laid off its real estate team on June 7, multiple sources confirmed to TechCrunch. The company…
It’s looking less likely that digital mortgage lender Better.com will go public via a SPAC combination with Aurora.
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site,…
Amazon is letting employees use their stock to finance home purchases and even second homes
Amazon has struck a deal with embattled online mortgage lender Better.com to offer up a new benefit to employees. Better.com is launching Equity Unlocker, a program that allows employees to…
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Inside the human cost of Better.com’s brutal layoffs
Digital mortgage lender Better.com continues to lay off staff, and seemingly in as callous a way as possible. Indeed, whereas most companies try to avoid repeated layoffs, the outfit — which gained notoriety by laying off about 900 employees over Zoom on December 1, 2021 — has since been laying off smaller groups very systematically,…
Burn baby burn. Real estate-focused fintech startups feel the heat
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our…
Better.com planning fourth layoff in less than 9 months
Digital mortgage lender Better.com is conducting its fourth round of layoffs since December 1, 2021, multiple sources tell TechCrunch. The latest cuts reportedly affect all departments. Better.com is not exactly…
We don’t need to tell you about the layoffs that are defining the tech landscape right now, concentrated particularly in late-stage companies that are struggling to raise extension rounds and…
Daily Crunch: US government is tracking our phones more than we thought, new docs show
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Better.com is still trying to proceed with its SPAC deal
Digital mortgage lender Better.com, which began making plans to go public via a SPAC in May 2021, has confirmed that it intends to move forward with its planned public debut,…
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Daily Crunch: China criticizes India for ‘frequent investigations’ of local Chinese firms
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Embattled digital mortgage lender Better.com reveals string of new senior exec hires in ‘rebirth’ attempt
Online mortgage lender Better.com is on a mission to reinvent its image. The embattled startup announced today several new hires of senior executives, including a new chief growth officer and…
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Today Natasha and Alex were on the mics, kicking back and riffing through…
Daily Crunch: Raba Partnership leads $2.1M seed round for African fintech startup Thepeer
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Better.com loses three more senior executives, including SVP and VP of sales
Three more senior executives of digital mortgage lender Better.com have resigned, multiple sources tell TechCrunch. Those three executives are: Jillian White, general manager of Better’s affiliate businesses known as Better+,…
Former Better.com exec alleges company misled investors ahead of SPAC
One of Better.com’s former executives has filed a lawsuit against the online mortgage lender, alleging that the company and its CEO Vishal Garg misled investors when it attempted to go…
Welcome back to The Interchange, the weekly TechCrunch series that looks at the latest — and what’s ahead — in the global fintech industry. It’s an incredible time to be…
Daily Crunch: Better.com CEO Vishal Garg says he’s on the hook for $750M SoftBank loan
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Better.com CEO Vishal Garg says he is ‘personally liable’ for $750M SoftBank investment
Better.com CEO Vishal Garg has acknowledged to employees that he “personally guaranteed” $750 million in post-closing convertible notes that would be provided to the online mortgage lender should it still…
Daily Crunch: PayPal Ventures leads $50M Series B for Egyptian fintech Paymob
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The half-billion-dollar profit swing that led to Better.com’s myriad layoffs
An S-4 filing from Aurora Acquisition Corp., the SPAC that digital mortgage provider Better.com intended to merge with, provides stark details about the latter company’s financial performance. The filing —…
Amazon aggregator Thrasio begins layoffs, names new CEO
The layoffs and new CEO appointment are the latest developments in a series of ups and downs for Thrasio.
