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Overview
Hometap provides homeowners with upfront cash in exchange for a share of their future home value. It offers up to $600,000 in equity with no monthly payments or debt; repayment happens through shared appreciation when the home is sold or when the homeowner buys back Hometap’s share. Unlike debt-based products, it takes equity ownership in the future value, aligning Hometap’s earnings with how the home’s value changes. The goal is to give homeowners a simple, transparent, debt-free way to unlock home equity to reach goals like paying off debt, funding education, funding improvements, or starting a small business.
About Hometap
Industries
Fintech
Financial Services
Real Estate
Company Size
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$984M
Headquarters
Boston, Massachusetts
Founded
2017
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Simplify's Take
What believers are saying
- $50 million from Gallatin Point supports product expansion and homeowner education.
- Hometap has deployed over $2.3 billion across more than 22,000 homeowners.
- Its 16-state plus Washington, D.C. footprint leaves room for targeted expansion.
What critics are saying
- Massachusetts sued Hometap in 2025, creating injunction and rescission risk.
- HEI pricing still faces scrutiny over consumer misunderstanding and misleading marketing claims.
- Hometap depends on home appreciation and securitization markets for attractive returns and funding.
What makes Hometap unique
- Hometap offers homeowners cash without monthly payments or added debt.
- Its HEI pricing now uses 1.65x and 1.80x settlement multipliers.
- The company says its 18.5% compounded monthly cap improves cost clarity.
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Funding
Total Funding
$984M
Above
Industry Average
Funded Over
7 Rounds
General CatalystBenefits
401k plan with match
Commuter benefits
Healthcare coverage
Flexible work schedule
Paid parental leave
Unlimited PTO
Learning & development
Generous share package
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 1%2 year growth
↑ 3%Hometap secures $50M to expand homeowner solutions. Boston-based fintech Hometap announced on Tuesday that it has raised $50 million in funding led by affiliates of Gallatin Point Capital. Per a release, Hometap, which operates in 16 states and Washington, D.C., will use the funds to "accelerate the adoption of its homeowner-first products that help homeowners address life's challenges and opportunities without adding to their monthly expenses."
Hometap, a Boston-based fintech company, has secured $50 million in funding led by affiliates of Gallatin Point Capital. The investment will help expand the company's home equity financing solutions. Founded in 2017, Hometap offers home equity investments that provide homeowners with cash in exchange for a percentage of their home's future value, without requiring monthly payments. Since inception, the company has deployed over $2.3 billion in home equity investments, serving more than 22,000 homeowners across the US. The funding comes as homeowners face rising costs and elevated borrowing rates, driving demand for alternative financing options. Hometap plans to use the capital to invest in tools, technology and education whilst broadening its suite of homeowner-focused products beyond its core offering.
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Massachusetts AG sues Hometap, saying company offers illegal home equity investments that really are reverse mortgages.
Hometap is Hiring for 8 Jobs on Simplify!
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About Hometap
Industries
Fintech
Financial Services
Real Estate
Company Size
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$984M
Headquarters
Boston, Massachusetts
Founded
2017
Hometap is Hiring for 8 Jobs on Simplify!
Find jobs on Simplify and start your career today