# Lower Holding Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lower-holding-company

- Industry: Financial Services
- Headquarters: New Albany, US
- Website: www.lower.com
- Total disclosed funding: $100M
- Latest round: Series A (Jun 23, 2021)
- Investors on record: 1

## About

Lower Holding Company, based in the US, offers innovative mortgage lending solutions designed to simplify the home financing process for consumers, focusing on efficiency and user experience.Lower Holding Company, founded in 2018 and headquartered in New Albany, US, specializes in mortgage lending. The company secured USD 100 mn in its Series A funding round led by Accel in June 2021, raising a total of USD 100 mn to date. Mike Baynes is the founder of Lower Holding Company, while Dan Snyder serves as the CEO.Lower.com specializes in providing mortgage lending solutions that simplify the home financing process. Its core offerings include home purchase loans, refinancing options, and home equity lines of credit (HELOCs). The platform enables users to apply for mortgages in under three minutes, leveraging technology to streamline applications and communications. The target customers include first-time homebuyers and homeowners looking to refinance, with operations spanning 47 states across the US.Lower.com's revenue model is based on mortgage origination fees and other associated lending costs. The company earns income through transactions with customers seeking home loans and refinancing solutions, charging fees such as origination, underwriting, and processing fees. Additionally, Lower offers a unique "Free Refi for Life" program that waives lending fees on future refinances for returning customers, fostering repeat business and loyalty.Following the USD 100 mn funding round in June 2021 led by Accel, Lower Holding Company plans to expand its product line and accelerate growth. The company aims to launch new mortgage products and enhance its technological capabilities. Additionally, Lower is focusing on expanding its market presence in underserved regions, with specific plans to target new geographic areas by the end of 2023.

## Funding rounds

- Series A, Jun 23, 2021, $100M — Accel

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A