Home Equity Financing Fintech Noah Nabs $150M In Funding

Law360 (April 22, 2020, 12:26 PM EDT) -- Noah, a California-based financial technology startup that provides home financing services, said Wednesday that it has amassed an additional $150 million in funding to finance equity-sharing contracts for homeowners.

The fresh funding, which comes from institutional investors including pension funds, will be put toward Noah's program to finance equity-sharing contracts for homeowners through what it says is a simple technology platform, according to the announcement. Formed in 2016 as Patch Homes Inc., the company rebranded last month and now goes by the name Noah, according to a March statement. The startup is backed by the likes of Union Square Ventures, Breega Capital and...

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