Home equity alternative Point raises $122M in new funding

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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.

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. Read More . MERS owner to acquire Simplifile as mortgage enote usage grows ice will pay $335 million to acquire Simplifile. is registered on the mers eregistry. digital solutions such as the eNote are gaining traction and represent an important step towards a fully.

Homeownership investment company Point raises $122 million Homeownership investment company Point just landed a major cash infusion that will fund its plans to help more Americans access their home equity without incurring debt. The Silicon Valley company raised $100 million in platform capital from Kingsbridge Wealth Management – bringing its total platform capital to $265 [.]

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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 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.

The funding was to spread financial inclusion and alternative financing options nationwide in Mexico. PayJoy invented pay as you go mobile financing with its proprietary checkout tool which underwrites the underbanked, and Lock technology which blocks access to apps on a phone, except for emergency calls, when a customer does not make a payment.

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Startup that offers alternative to home equity lending raises $122M 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.

How To Start Your Own Private Equity Fund. As demand continues to swell for alternative investments in the private equity space, new managers will need to emerge and provide investors with new.

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