LiveOak Venture Partners led the round. Revolution’s Rise of the Rest Seed Fund, Capital Factory, 7BC Venture Capital, Sweater Ventures, LFG Ventures, Badra Capital and Stonks Fund also participated.
The company is centered around making real estate wealth accessible to everyone through its investing, banking and finance platform.
“Homeowners cannot access home equity without being burdened with more debt and individual investors lack access to real estate investment products,” Nada co-founder and CEO John Green said in prepared remarks. “Nada’s business model solves both these problems by bringing liquidity to homeowners and real estate access to all investors.”
Ready Life has debuted with a new fintech platform designed to provide mortgage loans that require no credit score.
Backed by Figure Technologies, the fintech instead relies on good rental payment history to qualify buyers for home purchases. It starts business with three core sections: a Ready Pay Visa debit card, Ready Mortgage, a mortgage lending program with no credit score required, and Ready Merchant, which involves merchant payment services.