Roam, a New York City-based provider of a platform for assumable mortgages, has secured $3 million in additional funding to fuel its expansion efforts.
Backed by Founders Fund and led by CEO and Founder Raunaq Singh, Roam attracted notable investors including Keith Rabois (Partner at Founders Fund), Tony Xu (CEO of DoorDash), Dylan Field (CEO of Figma), Paul Gu (Co-founder of Upstart), and Gokul Rajaram (Board Member at Pinterest and Coinbase).
The funding will support Roam in expanding its operations and further developing its platform, which helps homebuyers access low-rate mortgages while offering sellers increased market visibility and buyers savings on monthly payments compared to traditional mortgages.
Roam has also announced its expansion into additional markets, including Tucson, AZ, Jacksonville, FL, and Chicago, IL, in addition to over a dozen existing markets where its platform serves buyers, sellers, and agents.
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By Proptechbuzz
By Ravi Kumar