HOOPP joins Better Mortgage's $70 mln Series C round

Better Mortgage, a New York-based digital mortgage lender, has raised US$70 million in a Series C financing. The round's backers included Healthcare of Ontario Pension Plan (HOOPP). It was joined by American Express Ventures and existing investors. Launched in 2016, Better Mortgage has so far funded more than US$2 billion in loans, helping over 7,000 Americans buy or refinance their home. The company's expansion plans for 2019 include new technology investment, team growth and development of partnership channels.