The new capital will enable Hometap to expand flexible home equity solutions, driving innovative alternatives for homeowners

Hometap, the Boston-based financial technology company pioneering home equity financing solutions, announced today that it has raised $50 million in funding led by affiliates of Gallatin Point Capital. Hometap 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’s core home equity investment (“HEI”) product provides homeowners with cash today in exchange for a percentage of their home’s future value, offering a straightforward way to access equity without monthly payments. This model serves as the foundation for Hometap’s broader vision: expanding into a suite of homeowner-focused solutions that provide flexibility and confidence across every stage of homeownership.

“As the cost of homeownership rises, families need practical, flexible ways to access the value in their homes,” said Jeffrey Glass, CEO of Hometap. “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.”

Amid persistent affordability pressures and elevated borrowing costs, homeowners are increasingly seeking financial tools that meet modern needs.

“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,” said Matthew Botein, Managing Partner and Co-Founder of Gallatin Point Capital. “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.”

Hometap’s funding comes on the heels of major operational milestones and sustained, top-tier homeowner satisfaction. Since its inception, Hometap has deployed over $2.3 billion in home equity investments, empowering more than 22,000 homeowners to make informed decisions that strengthen their financial futures.

About Hometap

Founded in 2017, Hometap is a Boston-based fintech company on a mission to make homeownership less stressful and more accessible. Starting with its industry-leading home equity investment product, the company has helped over 22,000 homeowners across the U.S. access their home equity without having to take on additional monthly payments or sell their home. Hometap expanded its suite of innovative financial products and services in 2022 with the Home Equity Dashboard. This digital platform is designed to help homeowners at every stage of their journey make more informed financial decisions about their home — and take action on those decisions — with confidence. Learn more at hometap.com.

About Gallatin Point

Gallatin Point Capital LLC is a private investment firm with a primary focus on making investments in financial institutions, services, and assets. Gallatin Point aims to form highly collaborative partnerships with its investors and with management teams of its portfolio companies, seeking to combine the right capital with the right managerial competencies in order to maximize the outcome for all stakeholders. More information about Gallatin Point can be found at www.gallatinpoint.com.

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