Better delivers $340M loss in Q3, plans to keep trimming expenses
Better Home & Finance Holding, the parent of digital lender Better.com, recorded $340 million in losses in Q3 2023. It expects to originate $500M in mortgages in Q4.
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Better Home & Finance Holding, the parent of digital lender Better.com, recorded $340 million in losses in Q3 2023. It expects to originate $500M in mortgages in Q4.
Better launched Better Insurance, allowing customers to shop for homeowners insurance through a fully digital platform.
The digital lender issued pink slips to a quarter of its U.S. mortgage sales and origination team in another round of layoffs.
Vishal Garg’s SoftBank-backed company, once valued at $7.7 billion, had no profitability in sight after taking the company public Thursday via a SPAC merger.
Better Home & Finance faces a $1.86 million suit for breaching advertising placement agreements with publisher Meredith Operations Corp.