Fintech Real Estate Tomo Moves Headquarters to Stamford

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Fintech startup Tomo has formally selected Stamford as its company’s headquarters, the latest in a recent series of companies opening stores in Nutmeg State.

Tomo co-founders Carey Armstrong and Greg Schwartz.

The company previously said it would open an office in Stamford, but today’s announcement makes it official. The exact location in the city has not yet been determined.

Founded in October 2020 by former Zillow executives Greg Schwartz and Carey Armstrong, Tomo will operate its end-to-end digital mortgage and home buying platform from its new Stamford office with additional corporate offices in Seattle and Austin.

The company is now officially entering the Seattle, Houston and Dallas markets.

Tomo says it will be the first residential real estate platform to be “buyer-centered,” using its patented technology to customize the home buying process with features that include fully guaranteed pre-approval within hours and on time. guarantee of closure and compliance with the price of the lowest possible mortgage rate.

Gov. Ned Lamont said the firm chose Connecticut “because they recognize that we have the world’s most educated, well-trained and most productive workforce driving innovation, especially in the financial technology industry, which has experienced tremendous growth in recent years.

“New companies like Tomo fascinate me with the innovative products they create,” he continued. “I am delighted that they have chosen Stamford as the hub for this to take place.”

“Innovative, growth-oriented companies like Tomo are appealing to the government because of the business-friendly environment and the talent available here,” said CEO Schwartz. “We intend to become the preferred employer for those looking to change the way home purchases and financial services are handled. I am proud to be in Stamford today for our official launch. ”

Tomo is a fast-growing company that is expected to have one of the largest seed rounds at Stamford by the end of the year – $ 70 million.

As the company grows, the Connecticut Department of Economic and Social Development (DECD) will support expansion with earn-as-you-grow incentives, which include late payment of grants as target jobs are achieved.

“I think there will be many more financial technology companies like Tomo coming to Connecticut in the post-pandemic era,” said DECD Commissioner David Lehman. “We have an ecosystem that can support both the technical and financial aspects of their business, and we have the talent they need to help them compete in this industry. We are actively recruiting companies in this sector. “



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