General World News

Better reports improved net loss of $45.5 million in Q2

Better Home & Finance Holding, the digital lender that debuted on Nasdaq last week, reported a net loss of $135.4 million in the first half of 2023, an improvement from nearly $400 million in the same period last year, according to its 8-K filing with the Securities and Exchange Commission (SEC) on Monday. 

Better is focused on originating profitable business while pulling back from unprofitable channels, which resulted in the company shutting down its real estate arm and laying off employees in June. CEO Vishal Garg said in an details ⇒

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