Porch acquires Colorado-based mortgage tech company for $90M

Porch acquires Colorado-based mortgage tech company for $90M
·2 min read

Seattle-based home services software company Porch Group (Nasdaq: PRCH) is making another acquisition, this time buying the Boulder, Colorado-based mortgage tech company Floify. Porch is paying $80 million in cash and $10 million in stock for the acquisition, which has closed. With the acquisition announcement Wednesday, Porch has announced more than a half-dozen acquisitions so far in 2021.

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