The round was led by Tiger Global Management with participation from GGV Capital, Moore Specialty Credit, JAWS Ventures, and other of the company's existing investors. Including the new funding round, Divvy has raised a total of over $500 million in debt and equity capital since its founding in 2017.

DivvyHomes.com is a tech-enabled homeownership platform that allows renters to build equity credits as they rent. The renter selects any home on the market, Divvy purchases it, and the renter builds equity credits in the home with every payment. Divvy's mission is to close the housing affordability gap by providing trusted, transparent, and simple homeownership products for families.