Hometap

Hometap

Provides cash for home equity access

About Hometap

Simplify's Rating
Why Hometap is rated
B
Rated C on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$634M

Headquarters

Boston, Massachusetts

Founded

2017

Overview

Hometap provides homeowners with a way to access their home equity without selling their property or incurring additional debt. The company offers a lump sum of cash in exchange for a share of the future value of the home, allowing homeowners to access up to $600,000 of their equity without monthly payments or interest. Hometap profits by sharing in the appreciation of the home's value when it is sold or when the homeowner buys back Hometap's share. This approach offers a flexible alternative to traditional home equity loans. Hometap is distinguished by its high customer service ratings and aims to deliver a simple, fast, and transparent process for homeowners to manage their finances and achieve their financial goals.

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for debt-free financial solutions aligns with Hometap's offerings.
  • Increased fintech adoption in real estate expands Hometap's market reach.
  • Securitization trend provides liquidity and investment opportunities for Hometap.

What critics are saying

  • Legal challenges classify Hometap's investments as reverse mortgages, impacting operations.
  • New CFO Tom Egan may shift strategies, affecting growth trajectory.
  • Expansion into New York increases exposure to regional regulatory compliance challenges.

What makes Hometap unique

  • Hometap offers debt-free home equity access, unlike traditional loans or mortgages.
  • The company provides a lump sum for a share of future home value appreciation.
  • Hometap's customer service is highly rated, with a 4.9/5 Trustpilot score.

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Funding

Total Funding

$634M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

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

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-2%
PYMNTS
Apr 16th, 2025
How Payments Innovation Underpins All-Weather Businesses And Resilient Supply Chains

In times of uncertainty, cash flow isn’t just king; it can be the entire royal court. For decades, payments have been the underappreciated plumbing of commerce, something viewed as essential but rarely strategic. Today, that paradigm has shifted dramatically. Against a backdrop where economic volatility has become the norm rather than the exception, “all-weather” businesses [] The post How Payments Innovation Underpins All-Weather Businesses and Resilient Supply Chains appeared first on PYMNTS.com.

PYMNTS
Feb 25th, 2025
3 Ways Cfos Balance The Capital Stack To Drive Growth

How businesses manage their working capital can be the difference between surviving and thriving. With today’s interest rates fluctuating and supply chains rocked by uncertainty, forward-thinking chief financial officers are keeping their eyes on the ultimate operational prize of balancing their working capital stack, which can include cash, inventory, receivables and payables, by maintaining liquidity, profitability and stability. Too much cash on hand? Businesses could be losing out on investment and innovation opportunities. Too little? Firms might be heading for a liquidity crisis. It’s a delicate dance, and only the most agile CFOs can keep the rhythm

Consumer Finance Monitor
Feb 24th, 2025
Massachusetts AG sues Hometap, saying company offers illegal home equity investments that really are reverse mortgages

Massachusetts AG sues Hometap, saying company offers illegal home equity investments that really are reverse mortgages.

PYMNTS
Feb 4th, 2025
New Proptech Cfo: ‘The Capital Stack Is Everything’

The age of the one-size-fits-all balance sheet-crunching CFO is quickly becoming a relic of business history. The chief financial officer today is like the quarterback of a business — only instead of throwing touchdowns, they’re tossing financial strategies, dodging economic hits and leading the team to victory. Here’s the kicker (and it might sound obvious) but depending on the industry and business mission, the CFO’s playbook — and career path — can look wildly different. This shift is particularly evident in industries like PropTech and FinTech, where the evolution of both the business landscape and the back office has led to a greater recognition of different CFO archetypes

Business Wire
Oct 22nd, 2024
Hometap Appoints Finance Veteran Tom Egan as Chief Financial Officer, Accelerating Next Phase of Company Growth

Hometap appoints finance veteran Tom Egan as Chief Financial Officer, accelerating next phase of company growth.

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Hometap is Hiring for 2 Jobs on Simplify!

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