Owning a home might exemplify the American Dream, but paying your mortgage can be a nightmare. Andrew Wang’s Valon makes paying off life’s biggest purchase a bit easier by automating payments, giving a clear view of one’s balance and educating borrowers about loans, taxes and insurance. Mortgage lenders like Starwood Capital pay Valon for every mortgage it handles; earlier this year Wang raised $50 million from Andreessen Horowitz and others to go after incumbents like Black Knight, the $11 billion leader in the space. Valon currently services $5.5 billion worth of loans and aims to offer home insurance. Says Harvard grad Wang: “It sounds like a boring business, but it’s incredibly impactful.”
«We published the first edition of the Forbes 30 Under 30 a decade ago, with one clear goal: to identify the new guard, the young innovators, trailblazers and disruptors remaking our world. That first list featured names like Kevin Systrom, whose company Instagram had only seven employees; Lena Dunham, who had yet to debut on HBO’s Girls; Daniel Ek, who had just launched Spotify in the U.S.; journalist Ronan Farrow, years before he exposed Harvey Weinstein in the New Yorker; and actor Donald Glover, then mostly known as a cast member in the cult comedy Community.
Much of 2022 was being freshly created by this group back in 2012. Ten years from today, it’s a good bet we’ll all be living in a new world being imagined today by the 600 entrepreneurs, innovators and entertainers that make up our 10th Anniversary class.
Read the full story on Forbes: https://www.forbes.com/30-under-30/2022/
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This Entrepreneur Is Challenging Billion-Dollar Leaders In The Mortgage Industry | Forbes