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Wealthfront Home Lending launches in California with rates ~0.50% below the national average. Wealthfront's mortgage offering is now live in California, Colorado and Texas, with expansions to Florida, Illinois, Oregon, and Washington planned in the coming months. PALO ALTO, Calif., Aug. 11, 2026 (GLOBE NEWSWIRE) - Wealthfront Corporation (Nasdaq: WLTH), a tech-driven financial platform helping digital natives turn their savings into wealth, today announced the expansion of Wealthfront Home Lending to California. This rollout expands the footprint of the company's digital-first mortgage offering - which aims to offer rates 50 basis points or more below the national average - to clients across California, Colorado, and Texas. Wealthfront Home Lending is currently licensed in 28 states and plans to expand to Florida, Illinois, Oregon, and Washington in the coming months, and continue scaling nationally over time. Wealthfront is expanding its mortgage offering as buyers and refinancers navigate a challenging housing market shaped by high rates, rising prices, and low inventory. While legacy lenders rely on manual processes that add cost and friction, Wealthfront Home Lending is making homeownership more accessible by modernizing home financing - replacing manual workflows with software to lower operational overhead, and passing those savings to borrowers through a self-serve digital experience with upfront fees and rates around 50 basis points below the national average. For California buyers purchasing a $1,000,000 home, that 50 basis point reduction saves them $262 per month and $94,400 over a 30-year fixed term compared to national averages (as of August 7, 2026). "We're excited to bring Wealthfront Home Lending to California, which is home to our largest client base," said David Fortunato, CEO of Wealthfront. "Buying a home is one of the biggest financial decisions people make, yet the mortgage process has remained unnecessarily complex and costly. We believe affordability is as much a technology problem as an economic one, and it's been rewarding to see how our self-serve experience is helping clients access lower rates that allow them to save hundreds each month." Since launching in November 2025, Wealthfront Home Lending has helped clients access lower mortgage rates consistent with its goal of 50 basis points or more below the national average. Across all purchase and refinance clients to date, Wealthfront has financed homes with an average value of $892,500 and an average loan size of $546,400. By securing Wealthfront's lower rates, these borrowers are saving an estimated $183 per month - or approximately $56,000 over the life of their mortgage - compared to national benchmarks. Wealthfront has continued to add new features that bring greater automation and savings to home financing, including: * A self-service scenarios tool: Allows borrowers to explore custom loan options and lock in their rate online without needing to speak to a loan officer, though licensed support remains available if needed. * A personalized rate calculator: Delivers upfront personalized rate estimates early in the process to help prospective borrowers explore their options. * Smarter RSU verification: Captures stock-based compensation upfront so borrowers with restricted stock units (RSUs) can quickly understand their full purchasing power and get a faster pre-approval. This is particularly important for Wealthfront's client base; 20 percent of Wealthfront borrowers to date have RSU income, a number that increases to 30 percent for borrowers in California. * Streamlined intake: Pre-fills data directly from clients' Wealthfront profiles and linked accounts to minimize manual entry. "We're delivering on our vision of building the first mortgage product designed to be handled entirely in a mobile app," said Dave Myszewski, VP of Product at Wealthfront. "That means making it simple for clients to explore options on their own schedule, without sales pitches or playing phone tag with a loan officer. We're excited by our progress so far, and we look forward to shipping more updates that help modernize home financing and save our clients time and money." Today's Home Lending expansion exemplifies Wealthfront's focus on using technology to help digital natives earn more on their savings, borrow at lower rates, and keep more of their returns. It follows the recent launch of Wealthfront's Custodial Account, which grows the company's family wealth management suite alongside existing 529 Education Savings Plans, Joint Accounts, and Trust Accounts. Looking ahead, Wealthfront plans to bring its mortgage offering to additional states, enhance its investing products, and continue expanding features within its Cash Account, where for a limited time, cash can earn up to a 4.20% Annual Percentage Yield (APY) for new clients who direct deposit $1,000 per month and maintain an investing account. (The account offers a 3.30% base APY provided by program banks, subject to change). To learn more about Wealthfront Home Lending and get started, visit: https://www.wealthfront.com/home-lending About Wealthfront Wealthfront is a tech-driven financial platform helping digital natives turn their savings into wealth. Since pioneering the automated investing category in 2011, the company has grown into a leading consumer fintech that helps clients achieve their financial goals with innovative saving, investing, borrowing, and lending products. Wealthfront's expanding suite of high-quality, low-cost offerings helps digital natives earn more on their savings, borrow at lower rates, and keep more of their returns. To learn more and get started, visit www.wealthfront.com or download the Wealthfront app. Disclosures: All mortgage products are offered by Wealthfront Home Lending, LLC NMLS 2358115 NMLS Consumer Access. Loans made or arranged pursuant to a California Finance Lenders Law License. Rates, APRs, payments and estimated costs shown are for illustrative purposes only and are not a commitment to lend. Home loan availability will be subject to credit approval and applicable state and federal licensing requirements. Rates vary based on credit profile, loan terms and market conditions. Not all applicants will qualify for the lowest advertised rates. This communication is for information purposes only and does not constitute a solicitation for a loan or an offer to lend or extend credit. Equal Housing Opportunity. Disclosures and Licenses. *Rate comparison based on Freddie Mac Primary Mortgage Market Survey(R) average for 30-year fixed-rate mortgages as of August 07, 2026. Rate available to qualified borrowers meeting the following criteria: 780+ FICO score, $750,000 purchase price, primary single-family residence in Austin, TX, 20% down payment, and payment of 1 discount point. Actual rates may vary. APR and additional terms apply. Not all borrowers will qualify. Estimated monthly payment savings are for informational purposes only and represent the monthly payment difference between Freddie Mac Primary Mortgage Market Survey(R) average for 30-year fixed-rate mortgages as of August 07, 2026 and Wealthfront Home Lending's rate estimate based on 0.5% below the national average* rate benchmark. Calculations are based strictly on the monthly Principal and Interest (P&I) payments. They do not include property taxes, homeowners insurance, private mortgage insurance (PMI), or other applicable fees/escrow items which will increase your actual monthly obligation. The Cash Account, which is not a deposit account, is offered by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), Member FINRA/SIPC. Wealthfront Brokerage is not a bank. The Annual Percentage Yield ("APY") on cash deposits as of January 30, 2026, is representative, requires no minimum, and may change at any time. References to the APY for the Wealthfront Cash Account, including any APY increase, are to the APY paid by insured depository institutions that participate in our cash sweep program (the "Program Banks"). Wealthfront Brokerage sweeps cash balances to Program Banks, where it earns the variable APY. New clients are eligible to receive a one-time 0.65% APY increase for 3 months on up to $150,000 in their Cash Account. In addition, the Direct Deposit Plus Investing Program ("DDI Program") from Wealthfront Advisers LLC and Wealthfront Brokerage LLC collectively, "Wealthfront" provides eligible clients a 0.25% APY increase that can apply to the full Cash Account balance if you direct deposit $1,000 per month into the Cash Account plus fund and maintain an investing account. Wealthfront may change or end the program at any time and determines eligibility at its discretion. See full Terms and Conditions for both promotions at wealthfront.com/promo-terms. Investing involves risk, including the possible loss of principal. Securities investments are not bank deposits, bank-guaranteed or FDIC-insured, and may lose value. Investment management and advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser Photos accompanying this announcement are available at:

Simile raises more than $200 million at a $2 billion post-money valuation. Key points * Greenoaks led the Series B, with Index Ventures, Hanabi, Bain Capital Ventures, A*, Factory, CVS Health Ventures and new investor Definition participating.[[1]] * The $2 billion figure is a post-money valuation; Simile did not disclose its pre-money valuation, share price or whether the round included secondary sales.[[1]] * Simile says revenue has increased fivefold since its February launch, but it provided no revenue figure, customer count or contract values.[[1]] Simile has raised more than $200 million in a Series B led by Greenoaks, giving the artificial-intelligence startup a $2 billion post-money valuation just five months after its public launch. Returning investors Index Ventures, Hanabi, Bain Capital Ventures, A*, Factory and CVS Health Ventures participated, while Definition joined as a new investor.[[1]] The Palo Alto company builds AI models intended to simulate how people and groups respond to products, marketing, pricing and other decisions. Simile says customers include CVS Health, Wealthfront, Deloitte and Gallup, and that Fortune 100 enterprises have run tens of millions of simulations through its technology.[[1]] Those product and usage figures were reported by the company and have not been independently audited. Rapid growth, limited financial disclosure. Simile said revenue has grown fivefold since it launched in February and that its workforce now exceeds 50 people. It did not provide starting or current revenue, annual recurring revenue, customer totals, pricing or retention figures, making the valuation difficult to assess against conventional software metrics.[[1]] The company also did not explain whether the $2 billion valuation resulted solely from the price paid for newly issued shares or whether the financing contained secondary transactions. The company says its models begin with data from real people and are checked against human responses. Its website claims more than 7,000 evaluations across demographic groups and enterprise use cases, along with a confidence model designed to estimate the accuracy of each simulation.[[2]] Simile has not released enough underlying commercial validation data for outsiders to test those claims broadly. Simile said the proceeds would accelerate its work and support hiring researchers, engineers, designers and operators, without providing a spending breakdown.[[1]] Index Ventures led its $100 million Series A announced on February 12, alongside Bain Capital Ventures, A* and Hanabi Capital and several individual AI investors.[[3]] TechCrunch first reported the new financing as a $200 million Series B.[[4]] Discover more Computer Science Market intelligence reports AI market analysis Discover more AI infrastructure solutions Dictionaries & Encyclopedias Web Apps & Online Tools At the intersection of AI, tech, and markets. The stories that matter, in one email. Free - unsubscribe anytime.

Wealthfront shareholders are encouraged to reach out to Johnson Fistel for more information about potentially recovering their losses. SAN DIEGO, July 27, 2026 (GLOBE NEWSWIRE) - Johnson Fistel, PLLP is investigating whether Wealthfront Corporation ("Wealthfront" or the "Company") (NASDAQ: WLTH) or certain of its officers and directors violated federal securities laws by misrepresenting or failing to timely disclose material information to investors. The investigation focuses on whether investors suffered losses as a result of potentially misleading statements or omissions. Wealthfront conducted its initial public offering on or about December 12, 2025, issuing approximately 43.6 million shares of common stock at an offering price of $14.00 per share. On January 12, 2026, Wealthfront reported its financial results for the third quarter of fiscal year 2026. Among other disclosures, the Company reported changes in asset flows and discussed the impact of recent interest-rate cuts on client behavior during an earnings call. Following these disclosures, Wealthfront's stock price declined approximately $2.12 per share, or 16.84%, closing at $10.47 per share on January 13, 2026, resulting in significant losses for investors. Investors who purchased Wealthfront securities and suffered losses are encouraged to contact Johnson Fistel to discuss their rights and potential recovery options. There is no cost or obligation to participate. What if I purchased Wealthfront securities? If you purchased Wealthfront securities and suffered losses on your investment, you may join our investigation now: Click Here to Join the Investigation. Or for more information, contact James Baker at [email protected] or (619) 814-4471. There is no cost or obligation to you. About Johnson Fistel, PLLP: Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.