- Unlock Technologies, a US fintech founded in 2019, has secured a $30 million Series B equity investment from D2 Asset Management, Saluda Grade, Second Century Ventures, and Reach (the venture arm of the National Association of Realtors).
- Unlock provides home equity agreements (HEAs), allowing homeowners to access lump sums of cash in exchange for a share of future home appreciation, offering an alternative to traditional loans.
- CEO Jim Riccitelli says the funding supports Unlock’s vision of democratizing home equity to help homeowners meet financial goals.
- In addition to equity funding, Unlock has secured a $250 million capital commitment from D2 to support origination growth and expand operations across the US.
- Unlock currently operates in 14 states and plans to use the new funding to expand product offerings tailored to segments like homebuyers, retirees, and those excluded by traditional lending.
- The fintech will also invest in technology, focusing on data analytics to better understand customer behavior and preferences.
