Mortgagetech player UpEquity landed $50 million this week to help democratize home buying. The investment brings the Texas-based company’s total funding to $76.7 million in combined debt and equity.

The Series B round, which consisted of $20 million in equity and $30 million in debt, was led by 3 Ventures with participation from Next Coast Ventures, BP Capital Management, Alumni Ventures, Gaingels, Launchpad Capital, and Early Light Ventures.

UpEquity was founded in 2019 and, simply put, is a digital mortgage provider. The company offers three main products for potential homebuyers. Buy with Cash helps average homebuyers make all-cash offers on a home, Buy Before You Sell enables buyers to purchase a new home before selling their current one, and UpEquity’s third solution enables homeowners to refinance their existing mortgage.

For the end consumers, the cost of getting a mortgage from UpEquity is similar to costs they would incur with a traditional mortgage lender. UpEquity aims to compete by not only helping buyers make an all-cash offer, but also by doing so quickly. UpEquity’s average time-to-close is 18 days.

“At the end of the day, our vision is to create equal access to the American dream through frictionless, on-demand homebuying, and it starts with bringing technology into the underwriting process,” said UpEquity Co-Founder and CEO Tim Herman. “By removing cost and inefficiencies from the mortgage process, our customers can make all-cash offers at zero cost to them and still get access to competitive interest rates. They get the best of both worlds.”

UpEquity is part of a newly emerging set of companies called Power Buyers that purchase a home on a buyer’s behalf using cash, then sell it back to them using a traditional mortgage. Rivals in this space include Knock, Homeward, Orchard, and Blend. Like these players, UpEquity makes money on interest paid on the mortgage and commissions from reselling loans.

UpEquity’s revenue has grown 500% year-over-year. The company anticipates it will originate more than $1 billion in mortgages over the next 12 months.

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In a world in which a new enabling technology seems to capture the fintech imagination at least every other year, quantum computing remains relatively elusive. The promise of being able to leverage quantum computations to accomplish tasks that challenge if not overwhelm current, classical computing technologies is one that, in the area of fintech, has yet to be realized.

Is this about to change? Multiverse Computing, which bills itself as the first quantum computing startup focused on finance, announced this week that it has secured $11.55 million (€10 million) in seed funding. The round was led by JME Ventures and featured participation from a sizable number of investors including Quantonation, EASO Ventures, Inveready, CLAVE Capital, Ikerlan, LKS, Penja Strategy, Seed Gipuzkoa, and Ezten Venture Capital Fund.

“We are a unique company in the quantum computing field,” Multiverse Computing co-founder and CEO Enrique Lizaso said. “While other firms are focused on improving the fundamental hardware and software components of quantum computers, we are keenly focused on leveraging the most advanced quantum devices available now to deliver near-term value for the financial sector.”

Multiverse Computing enables financial professionals to manage complex financial problems such as portfolio optimization and fraud detection. Using the company’s solution, Singularity, users can leverage a simple spreadsheet to run quantum algorithms on any quantum computer without requiring any expertise or experience in programming or working with quantum computers.

Founded in 2019 and headquartered in Basque Country’s San Sebastián, Multiverse Computing enjoys the support of not only its native government, local startup accelerators, and technology centers; but also of institutions like Toronto’s Creative Destruction Lab (CDL). MultiVerse Computing also has forged partnerships with a wide range of technology companies, including IBM, Microsoft, Amazon AWS, Fujitsu, and Quantum Technologies, and said it is collaborating with a number of financial institutions, as well.

“We believe Multiverse Computing will be a global leader in the quantum computing industry,” Lizaso said. “We expect to have annual revenue close to €100 million by 2027 with a staff of 100 people.”

The company plans to use the funding to support its expansion into markets like energy, mobility, and smart manufacturing. The capital will also help fuel Multiverse Computing’s international growth including an office in Toronto and new offices in Paris, France, and Munich, Germany.

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CRED, the members-only credit card management platform that rewards users for paying their credit card bills, has landed $251 million in funding this week. The Series E round boosts the India-based company’s total raised to $722 million and increases its valuation to just over $4 billion.

The round was led by existing investors and private equity firms Tiger Global and Falconedge. DST Global, Insight Partners, Coatue, Sofina, RTP, and Dragoneer also contributed. New investors Marshall Wace and Steadfast also joined the round.

CRED, which did not disclose its plans for the investment, launched its online bill payment platform in 2018. The company incentivizes its 7.5 million members to pay their bills on time to improve their credit score. If the user pays on time, CRED sends them CRED Coins they can use to earn rewards or receive access to curated products and experiences.

The Bangalore-based company launched a new product called CRED X IPL last month. The new offering allows members to use their CRED Coins to shop at the CRED Store, book stays on CRED Travel, receive exclusive rewards and cashback, and access offers when they shop online. CRED X IPL also incorporates a competitive aspect; users are pitted against each other on a leaderboard and the one at the top each month receives a jackpot prize.

CRED also counts itself as a fintech investor. The company recently invested $5 million in CredAvenue, a digital platform that helps investors discover, trade, execute, and fulfill debt solutions. CRED is also in talks to invest in Uni, a startup that aims to make credit cards more accessible.