Trovy provides a home equity-backed credit card that lets homeowners access their property value through a consumer lending product. The card offers lower interest rates than many traditional cards and includes built-in flexibility plus a cash-back rewards program on every purchase. Lending is facilitated by Trovy Lending Co. around New York, with a direct-to-consumer model and revenue from interest on carried balances and interchange fees. Compared with typical credit cards, Trovy centers on leveraging home equity to offer more favorable terms and a straightforward credit option for homeowners in the United States. The company’s goal is to give homeowners easier access to credit using the value tied up in their homes, through a specialized credit card product and supporting lending operations.
Company Size
11-50
Company Stage
Series A
Total Funding
$25M
Headquarters
New York City, New York
Founded
2024
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