When was Lower founded?

Lower was founded in 1996 and raised its 1st funding round 25 years after it was founded.

Where is Lower located?

Lower is headquartered in New Albany, United States.

How many employees does Lower have?

As of Mar 31, 2026, the latest employee count at Lower is 1037.

Is Lower a funded company?

Lower is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Jun 23, 2021.

When was the latest funding round of Lower?

Lower's latest funding was a $***** Series A round on Jun 23, 2021, with participation from 1 investor.

Where does Lower rank among its competitors?

Lower ranks 1st amongst 2523 active competitors, of which 18 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Bags, which secured $2.75M in Dec, 2025.

Who are the top competitors of Lower?

Lower's top competitors include Andromeda Sales & Distribution, Meridian Capital and Eastern Union. Among them, Bags secured the most recent funding round in December, 2025.

Lower - 2026 Company Profile, Team, Funding & Competitors

Lower is a series A company based in New Albany (United States), founded in 1996. It operates as a Direct-to-consumer mortgage lender offering home purchase, refinance, and home equity loans. Lower has raised $100M in funding from Accel. The company has 2523 active competitors, including 18 funded and 62 that have exited. Its top competitors include companies like Andromeda Sales & Distribution, Meridian Capital and Eastern Union.

Company Details

Direct-to-consumer mortgage lender offering home purchase, refinance, and home equity loans. It connects borrowers with suitable loan options, providing guidance throughout the process. The lender offers various loan types including conventional, adjustable-rate, home improvement, debt consolidation, jumbo, VA, and FHA loans. It also facilitates HELOCs and cash-out refinancing. The company aims to simplify the mortgage process for customers.

Website: www.lower.com/
Social
Email ID: *****@lower.com
Phone Number: +1 **********

Key Metrics

Founded Year

1996

Location

New Albany, United States

Stage

Series A

Total Funding

$100M in 1 round

Latest Funding Round

Series A, Jun 23, 2021, $*****

Investors

Accel

Ranked

1^st among 2523 active competitors

Employee Count

1,037 as on Mar 31, 2026

Investment & Acquisitions

Acopia Home Loans & 4 more

Similar Companies

Andromeda Sales & Distribution & 2588 more

View Lower's full profile

Lower has raised a total funding of $100M over 1 round. Its latest funding round was a Series A round on Jun 23, 2021 for $*****. 1 investor participated in its latest round. Lower has 1 institutional investor.

Here is the list of recent funding rounds of Lower:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 23, 2021	6314658	Series A	9962489	1341105	8279663	2092001

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Lower's employee count trend

Lower has 1,037 employees as of Mar 26. Here is Lower's employee count trend over the years:

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Top competitors of Lower include Andromeda Sales & Distribution, Meridian Capital and Eastern Union. Here is the list of Top 10 competitors of Lower, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lower 1996, New Albany (United States), Series A	Direct-to-consumer mortgage lender offering home purchase, refinance, and home equity loans	$100M	Accel	58/100
2nd	Andromeda Sales & Distribution 1991, Mumbai (India), Acquired	Provider of personal loans, home loans, business loans, and loans against property	$6.62M	-	55/100
3rd	Meridian Capital 1991, New York City (United States), Funding Raised	Credit broker	-	JPMorgan Chase	54/100
4th	Eastern Union 2001, New York City (United States), Funding Raised	Mortgage broker	-	-	49/100
5th	Franklin Credit 1988, Jersey City (United States), Public	Loan broker	$500K	-	48/100
6th	CMLS Financial 1974, Vancouver (Canada), Acquired	Provider of commercial, residential, and institutional mortgage services	-	-	46/100
7th	RoundPoint Mortgage 2007, Charlotte (United States), Acquired	Credit broker	$98.3M	Tavistock Group, Bank of America	44/100
8th	Bags 2021, New York City (United States), Seed	Provider of business loans services	$7M	Ford Foundation, Slauson & 11 others	44/100
9th	Garnet Capital 2004, Harrison (United States), Unfunded	Credit broker focused on commercial, consumer, and residential loans	-	-	43/100
10th	Finsure 2011, Sydney (Australia), Funding Raised	Aggregator providing brokers with support services and technology	-	YMF Investments, 33 Capital & 2 others	41/100

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Lower has not made any investments yet. Lower has made 5 acquisitions.

Here is the list of latest three $acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jan 14, 2026	Acquisition	Acopia Home Loans	2007	Goodlettsville (United States)
May 13, 2025	Acquisition	Movoto	2005	San Mateo (United States)
Jan 07, 2025	Acquisition	Neatlabs		-