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This startup is selling for $1B, so why is its founder not proud of the outcome?
Welcome to TechCrunch Fintech! This week we’re looking at the story behind the sale of Divvy Homes, Ramp’s new product, some notable fundraising deals,
Founded by a Better.com alum, Foyer — a platform that helps consumers save for down payments, essentially acting as a “401(k) for homeownership” — announced a $6.2 million seed round led by Alpaca VC and Hometeam Ventures. The 3-year-old startup, which offers savings and investment services to consumers, achieved the milestone while still growing by more than 10 times last year, according to an investor note seen by TechCrunch’s Manish Singh. Austin-based Method, a platform that powers debt and debt-repayment features in fintech applications for companies such as SoFi, raised a $41.5 million Series B round led by Emergence Capital.
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