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Retiring approximately $530 million of convertible notes through restructuring of existing convertible notes in exchange for $110 million of cash and $155 million of new debt Expected creation of approximately $265 million of pre-tax equity, excluding discounts on the debt Better has signed a new indenture for $155 million in new notes maturing December 31, 2028, with a 6% PIK annual interest rate Strategic rationale for transaction includes reducing debt overhang of the Company and improving balance sheet positioning and strategic optionality Management remains focused on driving towards profitability in the midterm. Continue leaning into Tinman™ technology and AI, with Betsy™ AI
SC 13D/A - Better Home & Finance Holding Co (0001835856) (Subject)
SC 13D/A - Better Home & Finance Holding Co (0001835856) (Subject)
SC 13D/A - Better Home & Finance Holding Co (0001835856) (Subject)
Q1 Funded Loan Volume of $868 million, up 31% year-over-year Expect Q2 Funded Loan Volume to increase compared to Q1 driven by efficiencies in our Timan AI platform Expect 2025 Funded Loan Volume to increase over 2024 driven by tailwinds from growth initiatives including NEO Powered by Better as part of our Tinman AI Platform channel Diversifying Better's distribution channels by leveraging Tinman™ as a platform to power retail loan officers with early rapid growth in NEO Powered by Better, and as a software licensing platform for banks with the onboarding of our first bank partner to power their entire mortgage platform across consumer and wholesale channels via Tinman Further exp
Better Home & Finance Holding Company (NASDAQ:BETR, BETRW)) ("Better" or the "Company") intends to announce its first quarter 2025 results after market close on Monday, May 12, 2025. A conference call and webcast to discuss those results will be held the following morning on Tuesday, May 13, 2025, at 8:30 a.m. ET. Details to register for the live webcast and to listen to the call by phone will be available on the Company's investor relations website located at investors.better.com and are included below. Please join the webcast at least 10 minutes prior to the start time. A replay will be available on the Company's investor relations website shortly after the call ends on May 13, 2025. *
Betsy AI Loan Agent doing over 115k customer interactions per month, potential to drive $2,000 in sales labor savings per fund Approximately 40% of Loan Files receiving Tinman AI underwriting review, potential to drive $1,400 in fulfillment savings per fund 2024 Funded Loan Volume of $3.6 billion, up 19% year-over-year, with D2C Loan Volume of $2.6 billion up 55% year-over-year, and Revenue of $108 million up 50% year-over-year Q4'24 Funded Loan Volume of $936 million, up 77% year-over-year driven by growth across all three main product categories, with HELOC and home equity loans growing 416% year-over-year Q4'24 Funded Loan Volume down 10% quarter-over-quarter given normal season
Q1 Funded Loan Volume of $868 million, up 31% year-over-year Expect Q2 Funded Loan Volume to increase compared to Q1 driven by efficiencies in our Timan AI platform Expect 2025 Funded Loan Volume to increase over 2024 driven by tailwinds from growth initiatives including NEO Powered by Better as part of our Tinman AI Platform channel Diversifying Better's distribution channels by leveraging Tinman™ as a platform to power retail loan officers with early rapid growth in NEO Powered by Better, and as a software licensing platform for banks with the onboarding of our first bank partner to power their entire mortgage platform across consumer and wholesale channels via Tinman Further exp
The collaboration will offer Biz2Credit customers additional financing options through Better.com's fully digital home equity product suite including HELOCs and HELOANs Better Home & Finance Holding Company (NASDAQ:BETR) ("Better.com"), the leading AI-powered digital homeownership company, today announced a new partnership with Biz2Credit, the leading financing platform for small businesses. This collaboration will provide Biz2Credit's customers the option to receive $50,000 to $500,000 in additional financing options through Better.com's Home Equity Line of Credit (HELOC) and Home Equity Loan (HELOAN) products. Founded in 2007, Biz2Credit has supported over 250,000 small businesses with
Retiring approximately $530 million of convertible notes through restructuring of existing convertible notes in exchange for $110 million of cash and $155 million of new debt Expected creation of approximately $265 million of pre-tax equity, excluding discounts on the debt Better has signed a new indenture for $155 million in new notes maturing December 31, 2028, with a 6% PIK annual interest rate Strategic rationale for transaction includes reducing debt overhang of the Company and improving balance sheet positioning and strategic optionality Management remains focused on driving towards profitability in the midterm. Continue leaning into Tinman™ technology and AI, with Betsy™ AI
4 - Better Home & Finance Holding Co (0001835856) (Issuer)
4 - Better Home & Finance Holding Co (0001835856) (Issuer)
4 - Better Home & Finance Holding Co (0001835856) (Issuer)
8-K - Better Home & Finance Holding Co (0001835856) (Filer)
SCHEDULE 13D/A - Better Home & Finance Holding Co (0001835856) (Subject)
DEF 14A - Better Home & Finance Holding Co (0001835856) (Filer)