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The Columbus, Ohio-based startup plans to use the funds to expand its product line and accelerate its growth, Lower stated in a statement. Lower is a bootstrapped fintech and has crossed over $100 million in revenue.
Co-founder and CEO Dan Snyder said, “More investment means faster growth and more impact. Homeownership is the greatest wealth creator for Americans, and Accel’s history of supporting bootstrap companies and their investment means we can help more people achieve it faster.”
Founded by Snyder in 2014, Lower makes the goal of making the home-buying process simpler for consumers, and this is the companies first ever funding in the last seven years of existence.
To this, Locke said, “Dan and the Lower team have quietly created one of the most interesting fintech companies in the U.S. Lower has a unique opportunity to break down barriers to homeownership. They have an established growth trajectory, with over $300M in revenue. We are excited to partner with them as they continue this journey.”
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