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.

Who is the current CEO of Lower?

Dan Snyder of Lower. They have also founded 1 company.

How many employees does Lower have?

As of Sep 30, 2026, the latest employee count at Lower is 1091.

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 3060 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 RoundPoint Mortgage, Meridian Capital and Andromeda. 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 3060 active competitors, including 18 funded and 78 that have exited. Its top competitors include companies like RoundPoint Mortgage, Meridian Capital and Andromeda.

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 3060 active competitors

Employee Count

1,091 as on Sep 30, 2026

Investment & Acquisitions

Acopia Home Loans & 4 more

Similar Companies

RoundPoint Mortgage & 3126 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	4747841	Series A	1656803	6892449	7065579	5095684

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Lower's employee count trend

Lower has 1,091 employees as of Sep 26. Here is Lower's employee count trend over the years:

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Top competitors of Lower include RoundPoint Mortgage, Meridian Capital and Andromeda. 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	61/100
2nd	RoundPoint Mortgage 2007, Charlotte (United States), Acquired	Credit broker	$98.3M	Tavistock Group, Bank of America	58/100
3rd	Meridian Capital 1991, New York City (United States), Funding Raised	Credit broker	-	JPMorgan Chase	50/100
4th	Andromeda 1991, Mumbai (India), Acquired	Chains providing loan distribution services	$6.62M	-	49/100
5th	Eastern Union 2001, New York City (United States), Funding Raised	Mortgage broker	-	-	49/100
6th	Bags 2021, New York City (United States), Seed	Provider of business loans services	$7M	Ford Foundation, Slauson & 11 others	48/100
7th	CMLS Financial 1974, Vancouver (Canada), Acquired	Provider of commercial, residential, and institutional mortgage services	-	-	46/100
8th	Cortland 2008, Chicago (United States), Acquired	Credit broker	$7.59M	-	43/100
9th	SEPIDES 1920, Madrid (Spain), Unfunded	Real estate loan brokerage firm	-	-	42/100
10th	Mag Mile Capital Unfunded	Provider of commercial real estate debt and equity placement services	-	-	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		-