SSupported by cloud hosting provider DigitalOcean – Try DigitalOcean now and receive a $200 when you create a new account!

Tomo Raises $40 Million In Seed Funding To Be A Digital Mortgage Company With A Full Platform To Streamline Home Buying

Listen to this article

Below is our recent interview with Greg Schwartz, CEO at Tomo:

Q: Could you provide our readers with a brief introduction to Tomo?

A: Despite decades of focus by companies looking to improve the real estate transaction experience, buying a home and all the important steps associated with it remain time-consuming, confusing and stressful. At the heart of this stress is the mortgage process. Tomo will be a digital mortgage company with a full platform to streamline home buying for both the consumer and their real estate agent. Tomo will use an approach that is human-driven, technology-enabled and ambitious in its scope.

Q: How did the business develop?

A: Tomo was created by Greg Schwartz and Carey Armstrong. Tomo’s team is dedicated to the philosophy of Omotenashi — anticipating the customer’s needs and meeting them before the customer is even aware they exist.

Recommended: Outschool’s Mission Is To Inspire Kids To Love Learning By Making Education Fun, Social And Self-Directed

Q: You’ve recently raised $40,000,000 in Seed funding; can you tell us something more?

A: Institutional investors include: Ribbit Capital, NFX, Zigg Capital and SVB Capital. Individual investors include hedge fund luminaries Alex Sacerdote, Kurt Mobley & Eli Weinberg; former Zillow CEO Spencer Rascoff; and Ted Ackerley of Seattle-based Ackerley Partners LLC.

Recommended: An Interview With Jussi Salonen, CEO Of Goodio – A Food Pioneer With A Big Heart

Q: What can we expect from Tomo in next 12 months?

A: More details about Tomo will be available in early 2021.

Last Updated on December 6, 2020

Activate Social Media: