Opendoor Technologies Inc. (1OPEN)

Profile

https://www.opendoor.com

Opendoor Technologies Inc. is a technology-enabled real estate company that provides a digital platform for residential property transactions in the United States. Opendoor Technologies Inc. lets homeowners sell their homes directly through online cash-offer products and also supports home purchases and resales through a managed marketplace model. The company’s services include brokerage, title insurance and settlement, escrow, property and casualty insurance, real estate licensing, and construction-related support. Its platform is designed to simplify the home transaction process for consumers by combining software, data science, and operational capabilities in one end-to-end service. Opendoor Technologies Inc. serves the residential housing market, where it plays a role as a digital intermediary between sellers, buyers, and other real estate participants. Founded in 2013 and based in Tempe, Arizona, Opendoor Technologies Inc. focuses on making residential real estate transactions more streamlined and accessible through technology.