Discount brokerage Houwzer raises $118M, adds AltFin services

Houwzer, which launched as a discount brokerage in 2015, has raised $118 in equity and line of credit to add AltFin services to its list of offerings. The company, which operates in Philadelphia, Maryland, Washington, D.C., and Florida, will now help buyers make all-cash offers, provide a service to streamline the process for buyers who also have a home to sell and iBuying. AltFin services have proven enticing for investors and a compelling offer for consumers. The jury is still out on just what combination of AltFin services, and in what form, will emerge when all this investment and initial innovation and activity mature.