Valued at $2B in 2021 Series D funding round, rent-to-own company Divvy Homes had endured several rounds of layoffs before launching a subscription-based credit building service last year
DivvyUp is a mobile financial resources and down payment planning product. The company said it surveyed 2K people to uncover what is most challenging about the homebuying process
In recognition of the entrepreneurs, venture capitalists and visionaries pushing real estate forward, the 'Best of Proptech' honors cap the yearlong expansion of Inman's awards program
The third round of layoffs in the last 12 months takes effect Nov. 7 and affects employees in 21 states, including Divvy's chief legal officer, vice president of compliance and head of design
Although Divvy has not yet responded to requests for comment, a half-dozen former employees posted on LinkedIn that they were laid off Wednesday
Fast Company claims Divvy charges higher rents than other landlords in some markets, drags its feet on maintenance and has stepped up evictions of clients
The company, valued at $2B as of August 2021, has reduced its employee count by 40 people, the latest in a run of real estate companies that have enacted layoffs
Out of nearly nearly 600 nominations received from the public, these are the real estate industry innovators that stood out in 2022, according to an announcement at Connect Las Vegas on Friday
Homeward CEO Tim Heyl, Divvy CEO Adena Hefets and Flyhomes CEO Tushar Garg dished on how the market shift has impacted Power Buyers at Inman Connect Now on Thursday
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Era Ventures Managing Partner Clelia Peters spoke with Ribbon co-founder Wei Gan and Divvy Homes CEO Adena Hefets at Inman Connect New York about the ways Power Buyers operate
'Our goal is not necessarily to expand a ton into new markets,' Divvy CEO Adena Hefets told Inman ahead of Inman Connect New York next week following company's latest $200M round
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The news follows Divvy's $200M Series D, netted just 2 months ago, and will allow it to serve more Americans on their path to homeownership through its rent-to-own program
From watching her parents struggle to make ends meet as a child to connecting with an excellent mentor as an adult, these are the moments that shaped Hefets' career