Founder Vishal Garg and interim CEO Daniel Lewis clash over control of Better.com

Better.com’s founder Vishal Garg was dismissed as chief executive in early August and succeeded by board member Daniel Lewis, who had previously been a close investor and personal confidant. Their relationship quickly deteriorated, leading to public attacks on X, competing SEC documents and a battle for control of the $230 million fintech. Garg, still on the board, is urging shareholders to remove five directors, including Lewis, while Lewis argues the board’s actions were necessary to halt the company’s $2 billion loss streak.

Shareholders such as Activant Capital, Framework Ventures and SoftBank Capital Partners will decide the outcome in a vote scheduled for Oct. 20. Proxy advisers ISS and Glass Lewis back the incumbent board, whereas Egan-Jones recommends Garg’s slate. The dispute highlights governance challenges at a company that has posted sizable net losses but shows rising revenue and a controversial corporate culture.