Better

Better

Digital mortgage lender with no-fee loans

Overview

Better is a digital mortgage platform that simplifies home buying and refinancing. It provides 100% online loan processes, offering fast estimates and pre-approvals with no origination fees. It earns revenue from loan interest and ancillary services, and it bundles Better Settlement Services for quick closings and Better Real Estate to connect clients with partner agents. The goal is to make the mortgage process quicker, cheaper, and easier through an integrated, tech-enabled platform.

About Better

Simplify's Rating
Why Better is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Consumer Software

Fintech

Financial Services

Real Estate

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

2016

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Simplify's Take

What believers are saying

  • On September 30, 2026, Garg claimed 51% consent support for a turnaround.
  • Better’s August 2026 results showed $1.67 billion funded loan volume and $54.7 million revenue.
  • Better’s September 2026 plan targets TinmanGo, HELOC growth, and $45 million-plus annualized savings.

What critics are saying

  • Better faces a securities class action over its May 7, 2026 volume miss and disclosures.
  • The October 2026 control fight between Garg and Daniel Lewis paralyzes strategy and hiring.
  • If shareholders reject the board, Better risks another abrupt CEO turnover and liquidity shock.

What makes Better unique

  • Better’s Tinman AI platform automates mortgage origination, powering wholesale and enterprise partnerships.
  • Better bundles mortgages, HELOCs, title, insurance, and agents inside one digital marketplace.
  • Better’s 2026 cost cuts and warehouse expansion support an online, no-branch operating model.

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Funding

Total Funding

$2.5B

Above

Industry Average

Funded Over

12 Rounds

Notable Investors:
Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Competitive compensation & equity

Remote-friendly opportunities

Unlimited PTO

Fully funded health, dental, vision, and fertility benefits

401k plans

Up to 20 weeks paid parental leave

Free lunch, even if you’re remote

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 1%

2 year growth

↑ 1%
Yahoo Finance
Oct 5th, 2026
Vishal Garg regains control of Better Home & Finance board with 52% shareholder support

Vishal Garg has regained control of Better Home & Finance's board following a successful shareholder vote. Shareholders representing 52.02% of voting power supported removing five incumbent directors, including Chairman Harit Talwar and Interim CEO Daniel Lewis. The board was reduced from nine to five seats. Garg appointed tech veterans Bing Gordon, co-founder of Electronic Arts and former Amazon director, and Steven Sarracino, founder of Activant Capital, alongside two current employees. The company is moving to remove its poison pill provision and dismiss federal litigation against Garg. An interim CEO has been identified, with the appointment pending finalisation. The new board will focus on operational efficiency, growth through Tinman AI and home equity lending, and returning capital to shareholders under Garg's 90-day plan for "Better 2.0".

PR Newswire
Oct 1st, 2026
Better Home & Finance faces securities lawsuit as Q1 net loss surges 75%, monthly loan volume target slashed 45%

Better Home & Finance faces a securities class action lawsuit after reporting a 75% sequential increase in net loss for Q1 2026 and missing its $1 billion monthly loan volume target by 45%. The company's shares fell over 28% on 7 May 2026 following the announcement. Law firm Hagens Berman is investigating claims that Better Home violated federal securities laws. The complaint alleges the company failed to disclose that its conversion funnel was slowing due to macroeconomic factors when executives assured investors in March 2026 that the firm would reach $1 billion in monthly volume by May. The class period covers 13 March to 7 May 2026. Better Home's stock is down nearly 60% year to date. The company subsequently dismissed its chief executive officer.

Trade Show News
Sep 21st, 2026
BETR CLASS ACTION NOTICE: Glancy Prongay Wolke & Rotter LLP files securities fraud lawsuit on behalf of Better Home & Finance Holding Company investors.

BETR CLASS ACTION NOTICE: Glancy Prongay Wolke & Rotter LLP files securities fraud lawsuit on behalf of Better Home & Finance Holding Company investors. LOS ANGELES-(BUSINESS WIRE)-Glancy Prongay Wolke & Rotter LLP ("GPWR"), announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York, captioned Gastwirt v. Better Home & Finance Holding Company, et al., 1:26-cv-08219, on behalf of persons and entities that purchased or otherwise acquired Better Home & Finance Holding Company ("Better Home" or the "Company") (NASDAQ: BETR) securities between March 13, 2026 and May 7, 2026, inclusive (the "Class Period"). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act"). Investors are hereby notified that they have 60 days from the date of this notice to move the Court to serve as lead plaintiff in this action. IF YOU SUFFERED A LOSS ON YOUR BETTER HOME & FINANCE HOLDING COMPANY INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS. What Happened? On May 7, 2026, before the market opened, Better Home released its first quarter 2026 financial results, including "guidance of Loan Volume of $1.575 to $1.725 billion" for the second quarter of 2026, falling short of the previously issued guidance of $1.0 billion in Monthly Loan Volume by the end of May 2026. During the earnings call held the same day, the Company's Chief Executive Officer, Vishal Garg, stated that "conversion rates are down from where they were in Q1" and "customers are not converting at nearly the same rate." Garg revealed that, as a result, the achievement of "our $1 billion monthly funded volume target... looks like it's going to be deferred." On this news, Better Home's stock price fell $12.17, or 28.5%, to close at $30.52 per share on May 7, 2026, thereby injuring investors. What Is the Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) that the Company's conversion funnel was already slowing due to macro factors; (2) that, as a result, the Company's $1 billion monthly funded volume target was likely to be deferred; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. If you purchased or otherwise acquired Better Home & Finance Holding Company securities during the Class Period, you may move the Court no later than 60 days from the date of this notice to ask the Court to appoint you as lead plaintiff. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Business Wire, Inc.: Charles H. Linehan, Esq. Glancy Prongay Wolke & Rotter LLP 1925 Century Park East, Suite 2100 Los Angeles, California 90067 Email: [email protected] Telephone: 310-201-9150 Toll-Free: 888-773-9224 Visit its website at www.glancylaw.com. Follow Business Wire, Inc. for updates on LinkedIn, Twitter, or Facebook. If you inquire by email, please include your mailing address, telephone number and number of shares purchased. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. Contacts. Glancy Prongay Wolke & Rotter LLP, 1925 Century Park East, Suite 2100 Los Angeles, CA 90067 Charles H. Linehan Email: [email protected] Telephone: 310-201-9150 Toll-Free: 888-773-9224 Visit its website at: www.glancylaw.com. More News From Glancy Prongay Wolke & Rotter LLP LOS ANGELES-( BUSINESS WIRE )-Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Endava plc ("Endava" or the "Company") (NYSE: DAVA) investors concerning the Company's possible violations of the federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON ENDAVA PLC (DAVA) CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.What Happened?On September 21, 2026, Enda... LOS ANGELES-( BUSINESS WIRE )-Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Fluence Energy, Inc. ("Fluence" or the "Company") (NASDAQ: FLNC) investors concerning the Company's possible violations of the federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON FLUENCE ENERGY, INC. (FLNC), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.What Happened?On... LOS ANGELES-( BUSINESS WIRE )-Glancy Prongay Wolke & Rotter LLP reminds investors of the upcoming November 13, 2026 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Baidu, Inc. ("Baidu" or the "Company") (NASDAQ: BIDU) securities between November 18, 2025 and August 17, 2026 inclusive (the "Class Period"). IF YOU SUFFERED A LOSS ON YOUR BAIDU, INC. INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIM... Glancy Prongay Wolke & Rotter LLP. NASDAQ:BETR Release Versions Glancy Prongay Wolke & Rotter LLP, 1925 Century Park East, Suite 2100 Los Angeles, CA 90067 Charles H. Linehan Email: [email protected] Telephone: 310-201-9150 Toll-Free: 888-773-9224 Visit its website at: www.glancylaw.com.

Fortune
Sep 19th, 2026
Better.com founder battles investor-turned-CEO for control of $230M company

Better.com founder Vishal Garg and investor Daniel Lewis have descended into open warfare over control of the mortgage company. The dispute will be decided by a shareholder vote with a 20 October deadline. Lewis invested in Better in 2025 and joined the board in July 2026. Days later, on 3 August, Garg was ousted as CEO and Lewis appointed interim chief executive. Text messages reviewed by Fortune show the pair initially bonded over finance, with Garg writing in April about becoming "BFFs". The relationship soured as Lewis began working closely with Better executives. He accused Garg of abhorrent behaviour, including late-night threatening texts to staff. Garg denies the allegations and claims Lewis engineered a coup by falsely telling directors that Garg supported removing board members. Better's board says the company accumulated over $2 billion in net losses under Garg's tenure. Shareholders including Activant Capital, Framework Ventures and SoftBank will decide the outcome.

Yahoo Finance
Sep 18th, 2026
Better Home founder Garg secures 45% shareholder support in battle with interim CEO Lewis

Better Home & Finance Holding Co. faces a corporate governance battle after founder Vishal Garg was ousted as CEO in August by interim replacement Daniel Lewis. The company implemented a poison pill on 20 August, prompting Garg to launch a consent solicitation to replace five directors, including Lewis. Over 45% of shareholders have already supported Garg's effort, approaching the 50% threshold needed to win. Shares have fallen 55% since Garg's removal. Garg has now nominated three potential directors, including William "Bing" Gordon, former Amazon director and Kleiner Perkins partner. Corporate governance expert Charles Elson suggests the company should negotiate, calling the poison pill "an entrenchment device". Despite the turmoil, Better Home delivered 14% total shareholder return over two years, outperforming peers, according to proxy advisor Egan-Jones.

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