Ribbon originated the Power Buyer model: The first proptech solution to develop an all-cash, non-contingent offer program to achieve its mission of leveling the playing field for homebuyers and making homeownership achievable for all. Founded in 2017, Ribbon is democratizing cash in home transactions for everyday buyers — with plans to expand its offering to half of the U.S. by the end of 2022. Through next year, Ribbon will be introducing several new services, including an inspection product that will cover home repairs — so buyers can avoid risky inspection waivers, adding further certainty to the homebuying process.
- Since January 2021, Ribbon has seen 15x growth.
- Between the Q1 and Q2 of 2021, Ribbon more than doubled the number of agent registrations and saw 6x growth in offers accepted.
- Over 100 brokerage and lender partners have created their own Ribbon-powered cash experiences, growing to a network of over 30,000 agents and loan officers, accounting for $700 million in home offers a month on Ribbon.
Real Estate Sales
New York, NY