Tomo: Raises $70 million in seed financing
- Tomo a fintech startup that improves the homebuying experience by pairing a smarter and faster mortgage process with the best real estate agents
- Logged one of the largest seed rounds in history, scooping $70 million just eight months after founding
- Proprietary technology includes pre-approvals within hours not days and guarantees an on-time closing
- As single-family homes become commoditised by investors, the American dream is moving further and further out of reach
- It will target areas where rising home prices and competition are crippling first-time and millennial homebuyers
- In May 2021, prices on single-family homes in Seattle sold for 7.3% over the asking price on average due to pent-up demand
