UpEquity raises $25 million in equity and debt for its cash-pay home loan lending service

UpEquity raises $25 million in equity and debt for its cash-pay home loan lending service

With a specified goal of lining up the home loan market with customer interests, Austin-based UpEquity has raised $25 million in equity and debt financing to expand its company. President Tim Herman began the home mortgage providing company to take advantage of what he saw as inefficiencies in the $2 trillion U.S. housing market. Existing financial services […] The business makes totally free cash deals but charges 2.5% on the loans it makes to homebuyers to give them the cash they need to make an offer prior to having to go through the standard process of taking out a home loan through a bank.”Our goal is to finally line up the home loan industry with consumer interests,” stated Herman.”As real estate continues to progress in the face of restricted supply and tight competition, UpEquity is at the helm of PropTech’s growing capabilities,” stated Thomas Ball, handling director at Next Coast Ventures. …

First Dollar raises $5 million for a consumer-friendly health care cost savings account

In the start-up world, the more complicated the sector is, the riper the opportunity to make a friendly interface and rack in millions of dollars of
equity capital. There’s Robinhood to make investing more transparent, Vested and Carta to make equity more transparent, and the list goes on. When it comes to healthcare, [ …]
Dollar works on both the front end and back end of HSAs. From an end-user perspective, First Dollar lets consumers set up a totally free account through their website and handle their money there. Users can transfer their existing HSA to First Dollar or produce and fund a First Dollar HSA. The First Dollar account will show them marked down healthcare products and services. While Dynamic would be more on the conserving and investment side, First Dollar would be focusing more on the conserving and costs side of things….