Hometap is a smart new loan alternative for tapping into home equity without taking on debt.
Hometap allows homeowners to access their home equity to do more in life without taking on debt.
Hometap was founded in 2017 by Jeffrey Glass and Max Campion. The company is headquartered in Boston, Massachusetts.
Hometap allows homeowners to receive debt-free cash in exchange for a share of their home's future value. Homeowners can use the cash to meet a variety of needs from paying off credit-card debt to starting a business to buying a second home.
Hometap’s unique homeowner-first approach, coupled with its simple and transparent pricing model, has allowed the company to differentiate itself and achieve significant market share within the rapidly growing home equity investment category.
Hometap is backed by General Catalyst, ICONIQ Capital, American Family Ventures, Bain Capital, G20, Pillar, and others. The company raised $60M in new financing on Dec 06, 2021. This brings Hometap's total funding to $172M to date.