Fintech startup to double headcount after closing $100M round

Hometap Equity Partners LLC, a 2-year-old fintech startup headquartered in Back Bay, plans to double its workforce of 30 people over the next year and expand into more states after closing its third round of capital at $100 million, according to CEO Jeffrey Glass. Launched in January 2018, Hometap provides cash to homeowners in exchange for an agreed-upon percentage of the future value of their home. For Hometap, the deal translates into returns when homeowners sell their homes, refinance or buy the company out. For customers, the deal is pitched as a way to solve the problem of being “home rich and cash poor,” as Glass put it. 

This article originally appeared on Boston Business Journal. Read the full article.