Hometap is a smart new loan alternative for tapping into home equity without taking on debt.
Hometap provides near-immediate access to funds so homeowners can pay for needs or pursue goals and opportunities.
Hometap was founded in 2017 by Jeffrey Glass and Max Campion. The company is headquartered in Boston, Massachusetts.
HomeTap’s mission is to improve the lives of homeowners by allowing them to easily sell a portion of their house without selling their home.
Hometap is a smart new loan alternative for tapping into home equity without taking on debt. Homeowners receive debt-free cash by selling a percentage of the equity in their homes to Hometap. They can use the cash for anything, 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, G20, Pillar and American Family Ventures. The companyraised $100M in a Series A financing on Dec 11, 2019. This new round brings Hometap's total funding to $112M to date.