Hometap, a Boston-based FinTech company focused on alternative home equity financing, has raised $50m from affiliates of Gallatin Point Capital. The new capital will support the firm’s plan to broaden its home equity products without adding monthly payment pressure for homeowners.
Founded in 2017, Hometap helps homeowners unlock the value of their properties without taking on debt or committing to recurring repayments. The company positions its model as a practical option for households looking for transparent and manageable financial tools.
The firm’s main offering, the home equity investment (HEI), provides upfront cash in exchange for a share of the home's future value. This structure allows homeowners to access equity without following the conventional loan route or increasing their monthly financial load. Hometap sees the HEI as the foundation for a broader suite of homeowner-focused solutions built to support financial planning throughout the ownership journey.
In 2022, the company introduced the Home Equity Dashboard, a digital platform that helps homeowners track their equity position and make more informed decisions. The tool is part of Hometap’s effort to expand beyond a single product and provide resources that address different stages of homeownership.
The latest funding round comes as Hometap reports continued growth. The company has deployed over $2.3bn in home equity investments since launch and has worked with more than 22,000 homeowners seeking greater financial stability.
CEO Jeffrey Glass said, “As the cost of homeownership rises, families need practical, flexible ways to access the value in their homes.
“This financing allows us to further invest in the tools, technology, and education that help homeowners make confident financial decisions. It also reinforces our commitment to broadening home financing options that are aligned with the realities homeowners face today.”
Gallatin Point Capital managing partner and co-founder Matthew Botein added, “Today’s homeowners face not only the challenge of buying a home, but also the ongoing costs of maintaining it and navigating uncertain economic conditions.
“This investment reinforces Hometap’s leadership in delivering alternative home equity solutions and will help the company reach more people with innovative options that make homeownership more sustainable.”
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