Better Mortgage raises Series C round

American Express Ventures leads the funding round for the online lending company

Startup Better Mortgage has raised a $70 million Series C round led by American Express Ventures. The deal values the company at just north of $500 million, according to the WSJ.

What they do: The online lending platform simplifies the home lending process by connecting prospective buyers with lenders. They reduce costs and inefficiencies imposed by traditional brokers and intermediaries.

Heard in the Valley: Founder Vishal Garg: “By re-engineering the mortgage process, removing costly commissions and creating a more efficient, reliable homebuying experience, Better is transforming how Americans buy their homes.”