About
Ribbon Home provided cash-backed offers to help homebuyers compete with cash buyers. Raised $625M total including $330M in 2019 from Greylock, Bain Capital, and NFX. Shut down in November 2022 after laying off 170 employees amid the housing market downturn. Key assets acquired by Hurst Lending, which relaunched RibbonHome.com with similar alternative home financing products.
Key Facts
- [1]Funding: Total funding: $625M. Last round: Jul 2021. Stage: Late Stage.
- [2]Employees: Employee count: 201-500.
- [3]Website: Official website: ribbonhome.com.
- [4]AI Technology: Core AI/ML technologies: Predictive ML.
- [5]Region: Region: Americas (United States).
Founders
Shaival Shah
Co-founder & CEO
Wei Gan
Co-founder & CTO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Ribbon Home?
Ribbon Home provided cash-backed offers to help homebuyers compete with cash buyers. Raised $625M total including $330M in 2019 from Greylock, Bain Capital, and NFX. Shut down in November 2022 after laying off 170 employees amid the housing market downturn. Key assets acquired by Hurst Lending, which relaunched RibbonHome.com with similar alternative home financing products. Ribbon Home is classified in the Lending & Credit segment at the Applications layer of the financial AI stack.
Who founded Ribbon Home?
Ribbon Home was founded by Shaival Shah (Co-founder & CEO) and Wei Gan (Co-founder & CTO).
How much funding has Ribbon Home raised?
Ribbon Home has raised $625M in total funding, placing the company at the Late Stage stage. The most recent round closed in Jul 2021. Among 81 funded Lending & Credit companies, Ribbon Home ranks #16 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Ribbon Home use?
Ribbon Home primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Lending & Credit segment, 58 companies use this technology.
What market segment does Ribbon Home operate in?
Ribbon Home operates in the Lending & Credit market segment. AI lending and credit companies are reimagining how creditworthiness is assessed, loans are originated, and debt is managed across consumer, small business, and commercial markets.
Where is Ribbon Home headquartered?
Ribbon Home is headquartered in New York, United States. The company operates in the Americas region. The team consists of 201-500 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Ribbon Home's competitors?
Companies similar to Ribbon Home in the Lending & Credit space include Unit21 ($92M raised), Upstart ($160M raised), Zest AI ($357M raised), Pagaya ($75M raised), Scienaptic AI ($17M raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Upstart focuses on ai lending platform using alternative data for credit decisions. Zest AI focuses on ai-automated underwriting for credit unions and banks. (Based on AIFI Map classification data.)
What products does Ribbon Home offer?
Ribbon Home builds applications-layer solutions for the financial services industry. The company's core offering: AI-powered cash offers for homes. The platform is powered by Predictive ML technology.