Funding have a tendency to strength Boston-built business’s proceeded national expansion

BOSTON, (Community NEWSWIRE) — Hometap, that gives a sensible, the new loan alternative for making use of family equity instead using up obligations, now established that it possess shielded $100 mil inside the the financial support. The administrative centre raise comes with ICONIQ Resource, LLC plus Hometap’s most recent people Standard Catalyst, G20, Mainstay and American Members of the family Solutions, the new promotion sleeve from AmFam Insurance rates.

With this additional financing, Hometap plans to keep its nationwide expansion, with the goal of bringing its total reach to approximately 75 percent of U.S. homeowners. The company will also be expanding its platform capabilities and significantly growing its cross-functional team to continue to deliver a best in class homeowner experience.

Hometap Secures $100 billion to aid A lot more U.S. Residents Availability their property Equity In the place of Taking on Obligations

We’ve been working diligently towards our mission of making homeownership less stressful and more accessible for as many U.S. homeowners as possible, and we’ve had tremendous success thus far, said Jeffrey Glass, CEO of Hometap. But the fact remains that the most regarding homeowners are impression house rich and money poor’, and there’s a lot more work to be done to make home equity investments an option that’s available to everyone. We’re thrilled to have the financial support of such a diverse group of asset-backed and venture investors who can further propel Hometap towards helping millions of Americans free up liquidity from their homes without taking on more debt.

According to Hometap’s 2019 Homeownership Study, despite having a need for capital, 73 percent of U.S. homeowners don’t want to take on more debt through traditional financing options such as home equity loans or HELOCS. Continue reading →