Home equity alternative Point raises $122M in new funding

Point, a California-based home equity and finance company, has raised $122 million in financing, $22 million of which came from a Series B funding round spearheaded by DAG Ventures and Prudential.

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Point, which enables homeowners to tap into some of their home equity using a model similar to a reverse mortgage, reports that it has raised $22 million in Series B equity funding as well as a platform capital commitment of $100 million which it will use to fund its ongoing expansion.

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Startup that offers alternative to home equity lending raises $122M The Real Deal. Point, a Palo Alto-based startup, that buys equity in homes and then offers to sell it back to residents has raised $122 million.

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Palo Alto-based home equity fintech startup Point on Wednesday announced the completion of a $ 122 million funding round, $ 22 million of which came from Series B funding led by Prudential Financial and DAG Ventures and five other investors, including longtime backers Andreessen Horowitz, Ribbit Capital and Bloomberg Beta.

Startup that offers alternative to home equity lending raises 2m march 21, 2019 12:00PM A startup that buys equity in homes and then offers to sell it back to residents has raised $122 million.

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Point is paid when you i) sell your home, or ii) at the end of the term, or iii) during the term, when you choose to buy back. Regardless of the timing, there’s no early buyback penalty. If you sell your home within the term then Point is automatically paid from escrow.

Home equity alternative Point raises $122M in new funding Point, which provides an alternative to traditional home equity lending products, has raised $122 million in new capital from eight investors to expand its reach.

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Point Raises $8.4 Million To Grow Home Equity Loan Alternative Americans have $18 trillion worth of equity in their homes, so the opportunity is as big as they come. For most homeowners the home is by far their biggest asset, with equity built up through years of mortgage payments.

Nor does trying to pioneer an alternative approach as. which they went through last year. The new funding comes from Hong Kong based VMS Investment Group and AM Partners. “We spent a lot of time.

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