There's a new FinTech startup in the real estate industry, and it's just secured $40 million in seed funding. Tomo, founded by former Zillow executives, Carrie Armstrong and Greg Schwartz, aims to change the way that Americans buy homes.
“Mortgage is a massive distributed, important market, and we're going to delete it. We plan to address the messy and cumbersome process of buying a home all the way from when an offer is made and submitted to the process of moving into the new home," said Schwartz.
Tomo’s investors include Trulia co-founder, Pete Flint and ex Zillow CEO, Spencer Rascoff.
Tune in to today's WJR Business Beat to hear more from Jeff.