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Point raises $115m in Series C funding

SF based home equity-for-cash company raised $115 million in Series C funding led by WestCap.

"Most Americans have the majority of their wealth tied up in their home, limiting their ability to cover unforeseen expenses or diversify wealth. Point has created an industry-first solution that empowers homeowners to utilize their home equity to eliminate debt, overcome periods of financial hardship and unlock new opportunities for wealth without taking the risk of traditional term loans."

Tags

prop tech, alternative credit