Entrepreneurship

Real estate-focused fintech firm Tomo plans up to 100 Stamford jobs

Read more at www.stamfordadvocate.com

STAMFORD — Tomo Networks, a financial-technology firm focused on the real estate industry that was founded last year in Stamford, plans to create up to 100 local jobs by the end of this year, company and state officials announced Wednesday.

At the same time, Tomo announced its digital platform’s launch and confirmed a $70 million round of investing, which company officials described as “one of the largest seed rounds in history.”

The state Department of Economic and Community Development will support Tomo with “earn-as-you-grow” subsidies that provide grants in arrears as job targets are reached.


“Tomo could have selected any state in the country to locate their corporate headquarters, and they chose Connecticut because they recognize that we have the best educated, best trained and most productive work forces in the world that are driving innovation, especially in the fintech industry, which has seen tremendous growth in recent years,” Gov. Ned Lamont said in a statement.


“New companies like Tomo make me excited because of the innovative products they are creating. I am thrilled they have chosen Stamford as the central hub where they will be making this happen, and I look forward to seeing their continued growth here,” Lamont said.

The company will be headquartered at 2200 Atlantic St., in Stamford’s South End, yards away from the future headquarters, at 100 Washington Blvd., of manufacturer and technology-services provider ITT. The latter announced last week that it would move its main offices to the city from White Plains, N.Y.

“It has been a pleasure to work with Gov. Lamont’s office, the Department of Economic and Community Development, and AdvanceCT (an economic development-focused nonprofit) as we build out our company in Stamford,” Greg Schwartz, CEO and co-founder of Tomo, said in a statement. “Innovative, growth-oriented companies like Tomo are attracted to the state by the business-friendly environment and the deep talent available here. We intend to be the destination employer of choice for those who want to change how home buying and financial services are transacted. I am proud to be in Stamford for our official launch today.”

Tomo offices in Seattle, Wash., and Austin, Texas, will support the Stamford headquarters.

Connecticut is in the midst of one of its busiest periods for corporate recruitment since Lamont, a first-term Democrat, took office in January 2019. Tobacco giant Philip Morris International announced June 22 that it would move its headquarters from Manhattan to Connecticut and financial-technology firm iCapital Network committed June 24 to opening offices in Greenwich.

Read more at www.stamfordadvocate.com

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