Online mortgage company Better.com has acquired U.K.-based startup Property Partner as it seeks to expand into new markets and offer new product lines ahead of its own merger with a SPAC, TechCrunch reports. The deal could give Better a way to augment its lending business with the potential to enable fractional ownership of properties in the U.S. and other markets.
Better plans to go public later this year through its planned merger with Aurora Acquisition in a deal that values it at $7.7 billion. In the meantime the company has been active in the M&A market, acquiring two U.K.-based companies in the lead up to the deal’s close. Read more.