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Hometap secures $50 million to expand home equity financing platform
Hometap raised fresh capital to scale its home equity platform as demand grows for alternative financing amid high mortgage rates.
Home equity fintech firm Hometap raised $50 million in a funding round led by Gallatin Point Capital. The company plans to use the capital to expand product offerings and geographic reach as homeowners seek alternative financing options amid elevated mortgage rates and tighter lending conditions across traditional banking channels.