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.

Founded in 2017, Hometap is a 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.