Public company, workplace, funding, and market signals
Updated Aug 16, 2026
Hometap is a Boston-based fintech company founded in 2017 that provides homeowners with an alternative to traditional borrowing: cash upfront in exchange for a share of the home's future value. Its stated mission is to make homeownership less stressful and more accessible. Hometap reports deploying more than $2.3 billion in home equity investments to over 22,000 homeowners as of December 2025.
Primary product
Home Equity Investment (HEI): homeowners receive a lump-sum cash investment without monthly payments or interest and settle by selling, refinancing, or buying out the investment, generally within 10 years. Hometap also offers a Home Equity Dashboard for tracking home value and equity.
Founded
2017
Headquarters
Boston, Massachusetts, United States
Team size
201-500
Work style
Remote
Industry
Financial Services
Sub-industry
Fintech; home equity investment; alternative mortgage and residential real-estate finance
Offices
Business model
Stage
Series D / growth-stage private company
Total raised
$222M
Latest round
Series D / growth equity · Dec 2025
Latest amount
$50M
Dec 2025 · Gallatin Point Capital
Debt financing / securitization
Sep 2025
Oct 2024
Dec 2021 · Bain Capital
Dec 2019 · ICONIQ Capital
Apr 2018 · G20 Ventures
Leadership
Co-Founder and Chief Executive Officer
Co-Founder and Vice President of Capital
Co-Founder
President and Chief Operating Officer
Tom Egan
Chief Financial Officer
Eric Chacon
Chief Information Officer
Josh Berg
Chief Product Officer
Jesse Silverman
General Counsel
Cara Newman
Vice President and Head of Structured Finance
Renee Lawlor
Head of Investment Operations
Tom Kazakov
Head of Engineering
Hometap describes its culture as collaborative, passionate, homeowner-centric, mission-driven, and entrepreneurial. The company emphasizes transparency, ownership, inclusivity, cross-functional collaboration, and a willingness to improve a difficult financial system. It is remote-first while maintaining office hubs and regular team events.
Work style
Remote
Compensation
Public career materials indicate base salary, equity, competitive compensation, healthcare coverage, 401(k) matching, and generous PTO. Public job postings reviewed did not provide a consistent company-wide salary range. Visa sponsorship was not publicly confirmed.
Benefits
Pricing
No monthly payments or stated interest. Hometap takes a contractual share of the home's future value at settlement. Public third-party descriptions report a 4.5% processing/origination fee, deducted from proceeds, plus third-party closing costs; exact pricing depends on the personalized offer and state. Recent third-party reporting describes a two-tier settlement structure and a stated cap, but customers should rely on their executed agreement.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$5 million-$40 million annually; third-party estimates vary substantially, including approximately $6 million and $39.1 million. No audited public revenue figure was located.
Estimated monthly visits
133.6K
Traffic estimate as of Jun 2026
The Massachusetts Attorney General filed a lawsuit alleging that Hometap's home equity investment contracts violated consumer-protection, mortgage, and foreclosure-prevention laws. The complaint alleges deceptive marketing, unlawful interest, insufficient underwriting, and that the products function as illegal reverse mortgages. Hometap disputes the allegations and calls the lawsuit meritless.
SourceA Massachusetts Superior Court judge denied Hometap's motion to dismiss, allowing the state case to proceed. The ruling found that the state's allegations were sufficient to consider whether Hometap's contracts could be characterized as loans and whether the company engaged in deceptive or unfair conduct.
SourceReporting indicated that Massachusetts was no longer listed among the states where Hometap conducted business while the lawsuit continued.
SourceA Massachusetts judge reportedly barred Hometap from arguing that prior interactions with state regulators amounted to approval or implicit authorization of its business model; the underlying litigation remained ongoing.
SourceHometap · Feb 2026
Hometap announced Jesse Silverman as General Counsel and Josh Berg as Chief Product Officer, citing continued product, regulatory, and market expansion.
Hometap · Dec 2025
Hometap announced a $50 million funding round led by affiliates of Gallatin Point Capital and said it had deployed more than $2.3 billion to over 22,000 homeowners.
National Mortgage News · Aug 2025
A Massachusetts judge allowed the AG's lawsuit against Hometap to proceed, rejecting Hometap's request for dismissal at the pleading stage.
Massachusetts Attorney General's Office · Feb 2025
The Massachusetts AG sued Hometap, alleging that its HEI contracts were unlawful and deceptive mortgage or reverse-mortgage products that exposed vulnerable homeowners to foreclosure risk.
Hometap · Aug 2023
Hometap announced its third office, in New York City, alongside its Boston headquarters and Charlotte satellite office.
9 jobs at Hometap