UpEquity

UpEquity

UpEquity offers mortgages and refinancing loans with competitive rates. Mortgages for new homebuyers come with a $10,000 On-Time Closing Guarantee.

UpEquity was founded by Tim Herman and Louis Wilson while they were attending Harvard Business School. The company was invited to join Y Combinator's Summer 2019 batch. The company's mission is to expedite the home loan process for buyers, sellers, and real estate agents, relieving a major source of stress for many individuals. By offering to pay a financial penalty to sellers should closings be delayed, UpEquity enables financed offers to compete with cash, and ensures all involved can move faster.

Timeline

February 2021
UpEquity raises a $7,500,000 series A round from Next Coast Ventures.
2019
UpEquity was founded.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
UpEquity Series A round February 2021
7,500,000
February 2021
1 Result
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News

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Author
Date
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Description
Jonathan Shieber
February 11, 2021
TechCrunch
With a stated goal of aligning the mortgage industry with consumer interests, Austin-based UpEquity has raised $25 million in equity and debt funding to expand its business. Chief executive Tim Herman started the mortgage lending company to take advantage of what he saw as inefficiencies in the $2 trillion U.S. housing market. Existing financial services [...]
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