Homeownership — and the financial stability it can bring — is out of reach for many Americans as home prices and mortgage rates continue to rise. Foyer is providing a solution for first-time homebuyers in the US. Through a digital platform, users can save for down payments and access personalized guidance on the best ways to save, mortgage rates, and the home-buying process.
“Homeownership plays a crucial role in building long-term financial security, particularly for underserved communities that have historically been shut out of wealth-building opportunities,” says Accion Venture Lab‘s Amee Parbhoo.
Accion Venture Lab is proud to invest in Foyer in a $6.2 million seed round led by Alpaca VC and Hometown Ventures, with participation from Clocktower Ventures, ANIMO Ventures, ResilienceVC, and Detroit Venture Partners.
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