Hometap, a fintech firm based in Boston, has announced the closure of a $217 million debt financing round. This latest round brings the company’s total funding to $389 million across four rounds since its inception in 2017. Hometap offers homeowners immediate access to funds without requiring a loan or home sale, providing flexibility for various financial needs.
Led by CEO and Co-Founder Jeffrey Glass, Hometap provides a distinctive solution for homeowners to tap into their home equity. This approach offers an alternative to traditional loans, allowing homeowners to use the funds for any purpose, such as debt repayment or home renovations, without accruing additional debt or monthly payments.
The new funding will support Hometap’s mission to make accessing home equity easier and more efficient. The company’s innovative model helps homeowners achieve their financial goals while retaining ownership of their homes, addressing a significant need in the current real estate and financial markets.
If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.
By Proptechbuzz
By Ravi Kumar
