Investment have a tendency to energy Boston-mainly based company’s continued national extension

BOSTON, (World NEWSWIRE) — Hometap, that gives a sensible, the fresh loan substitute for making use of household equity without taking on obligations, today revealed which have secure $100 billion from inside the the fresh new financing. The main city raise is sold with ICONIQ Money, LLC and additionally Hometap’s latest dealers Standard Catalyst, G20, Pillar and American Loved ones Options, the new promotion arm regarding AmFam Insurance policies.

With this additional financing, Hometap plans to continue its all over the country 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 Obtains $100 billion to aid A whole lot more You.S. Property owners Availableness their residence Guarantee Instead of Taking up Personal debt

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 out of residents are effect home steeped 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.