Homebot Acquires Quo, a Cell App for First Time Homebuyers

Homebot Acquires Quo, a Cell App for First Time Homebuyers

Homebot, an ASG residence training portal that empowers customers to make sensible residence finance choices and facilitates significant engagement between mortgage officers, actual property brokers, and their purchasers, at this time introduced its acquisition of Quo Finance (“Quo”), a cellular app that helps first-time homebuyers safe their dream residence and start to construct wealth. As a part of the acquisition, Quo’s staff, led by Co-Founders Tucker Haas and Neel Yerneni will be a part of the Homebot staff.

HOme Bot

In 2018, Tucker and Neel based Quo with the mission of constructing constructing wealth extra equitable by simplifying the mortgage course of and making homeownership accessible for everybody. Quo’s app helped first-time homebuyers get mortgage-ready by guiding their prospects all through the house shopping for course of — beginning with the daunting process of qualifying for a mortgage.

“Making certain that Quo was a hit was extraordinarily private to me, and I’m extremely happy with what we now have completed at Quo over the past 4 years,” mentioned Tucker Haas, Co-Founding father of Quo. “Rising up in a family that skilled monetary hardship on account of medical debt, I noticed how damaged the monetary system was. It was extremely tough for my household to chart a path to homeownership and reap its wealth-building potential. We based Quo to make discovering that path to homeownership simpler, particularly for households who face comparable monetary hurdles. Partnering with Homebot ensures that we’ll proceed to construct on our mission and empower tens of millions in the direction of their objectives of residence possession and constructing wealth.”

“We’re thrilled to associate with one of many leaders on this house,” mentioned Neel Yerneni, Co-Founding father of Quo. “We knew that combining Homebot’s and Quo’s residence training software program made sense from a enterprise perspective. Upon assembly the Homebot staff, it solely bolstered our conviction to hitch forces as each firms share the identical mission and values and prioritize constructing lovely buyer experiences.”

“Quo will massively speed up Homebot’s mission to attach folks to make knowledgeable homeownership choices,” mentioned Charlie Pratt, CEO of Homebot. “Later this yr, Homebot’s prospects could have the flexibility to supply a Homebot native cellular app to their tens of millions of engaged purchasers and appeal to extra first-time homebuyers to their pipelines. We’re very impressed by the product and staff that Tucker and Neel have constructed. They’ve made an unlimited affect since becoming a member of Homebot.”

In December 2021, Quo introduced that it raised $7.2M in seed funding, led by SignalFire, to additional speed up the event and progress of the cellular app. Since launching their home-buying app in June 2021, Quo’s customers have amassed over $1.5Bn in home-buying energy and are working in the direction of buying $5Bn in houses. Phrases of at this time’s transaction weren’t disclosed.

Sandfox Advisors served as monetary advisor and Goodwin Procter LLP acted as authorized counsel to Quo. Willkie Farr & Gallagher LLP served as authorized counsel to Homebot.

About Homebot

Homebot, an ASG firm, is a house training portal that retains folks linked to their residence advisors (mortgage officers and actual property brokers) to make knowledgeable choices all through the homeownership lifecycle. The award-winning portal delivers customized, actionable intelligence all through all the homeownership lifecycle to each shopper and prospect. With a mean 50% month-to-month engagement price, Homebot ensures lenders and brokers stay the trusted advisors that buyers depend on to make knowledgeable choices concerning the largest asset they could ever personal, their residence. Homebot relies in Denver, Colorado.

About ASG

ASG, backed by Alpine Buyers, is a novel and fast-growing software program enterprise that buys and builds market-leading vertical SaaS firms. ASG believes deeply within the energy of individuals and knowledge to develop nice organizations, and that sharing information, experience, and assets throughout its neighborhood of companies drives exponential progress. Founders of main SaaS firms proceed to belief ASG to develop their companies and construct even stronger legacies for the long run. For extra info, go to www.alpinesg.com.

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