What is Lower?
Lower operates a comprehensive digital platform designed to streamline the homeownership journey. The Columbus, Ohio-based fintech enables users to save for a home, secure mortgages, refinance existing loans, and obtain homeowner's insurance. By offering a one-stop digital solution, Lower aims to reduce the complexities associated with purchasing and maintaining a home. The company also facilitates connections with local realtors and builders through its partner network. As a FNMA/FHLMC/GNMA seller-servicer, Lower has facilitated billions in loan volume and boasts over 16,000 five-star reviews. They partner with more than 35 national insurance carriers, including major providers like Nationwide, Liberty Mutual, and Allstate. Lower has received recognition as a top workplace from publications such as Columbus CEO, Glassdoor, and Fortune.
How much funding has Lower raised?
Lower has raised a total of $100M across 1 funding round:
Series A
$100M
Series A (2021): $100M with participation from Accel
Key Investors in Lower
Accel
Accel is a global venture capital firm that partners with exceptional teams from the inception of their ideas through all phases of private company growth. The firm focuses on supporting innovative companies and entrepreneurs.
What's next for Lower?
The substantial enterprise-level funding indicates Lower is poised for significant scaling and expansion. This capital injection will likely fuel further development of its integrated home finance platform, potentially enhancing its mortgage, insurance, and savings products. Strategic investments of this magnitude often signal an intent to capture greater market share, invest in technological innovation, and possibly explore new geographic markets or customer segments. The company's focus on a digital-first, comprehensive approach positions it well to capitalize on evolving consumer preferences in the real estate and fintech sectors.
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