SEC Investigating Better As Barclays, Citigroup Exit Deal
Mortgage upstart Better's plan to go public via a SPAC merger faces new challenges as banks that were advising the companies resign their roles.
Source: inman.com
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SEC Investigating Better.com Merger Deal
Better.com and Aurora Acquisition Corp., which agreed to a merger last year, are under investigation by the Securities & Exchange Commission (SEC) to determine whether Better has violated federal securities laws.
Source: nationalmortgageprofessional.com
The Interchange: Things go from bad to worse at Better.com – TechCrunch
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 a financial technology journalist. Besides the fact that over 20% of all venture dollars last year went into fintech startups, I am particularly excited about […]
Source: techcrunch.com
Better.com CEO Vishal Garg says he is 'personally liable' for $750M SoftBank loan – TechCrunch
Better.com CEO Vishal Garg has acknowledged to employees that he “personally guaranteed” the $750 million cash infusion provided to the online mortgage lender last November in an email seen by TechCrunch. Let’s start at the beginning. Last May, Better.com announced that it was going public via a SPAC that would value the company at […]
Source: techcrunch.com
Better Mortgage Lays Off Thousands More Following Paycheck Glitch
Layoffs had been anticipated and numbered in the thousands. Workers reported receiving no advanced notice that they were laid off.
Source: inman.com