BOSTON--(BUSINESS WIRE)--Hometap, the Boston-based financial technology company that has provided more than 8,000 American homeowners with an innovative, debt-free way to access their home equity, today is pleased to announce its inclusion, at 66th position, in the prestigious Inc. 5000 listing, a nationally-recognized program showcasing the country’s fastest-growing privately companies in the United States. At 66, debutant Hometap has received an extremely strong place – just outside the top percentile – in the program, which over the years has included Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands.
The Inc. 5000 class of 2023 represents companies that have driven “rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges” this year, Inc. said in a statement as it revealed the listing today in New York. Tracking this year’s highest 500 companies in the ranking, the average median three-year revenue growth rate ticked up to 2,238 percent, and in aggregate the entire group of 5000 has added 1,187,266 jobs to the economy over the past three years.
“To make the Inc. 5000–with the fast growth that requires–is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future,” added Editor-in-Chief for Inc. Scott Omelianuk.
Today, Hometap is scaling its offering by adding new knowledge tools for homeowners and enterprise capabilities to its platform, in addition to its pioneering home equity investment (HEI) product that is available in 16 states around the country. As the HEI model continues to prove its durability and appeal with homeowners, Hometap has likewise secured new and diversified sources of asset capital in 2023 and built a dedicated arm for capital markets engagement.
Last year, the top Boston-based firms on the Inc. 5000, Numerator and HqO, were ranked No. 65 and 75, focused on financial services and real estate, respectively. Hometap’s 66th place in this cycle would also rank second among all real estate-industry companies nationally from 2022.
“We are delighted to join the 2023 Inc. 5000. The honor is a reflection of Hometap’s platform growth and a well-earned testament to the incredible work of our team, their dedication to our mission, and tireless efforts to help American homeowners fund the priorities in their lives,” says Hometap CEO and Cofounder Jeffrey Glass. “Many of the world’s biggest brands began their journey on the Inc. 5000, often as scrappy, fast-growing companies with a novel idea and a commitment to bringing it to life, and we aspire to join those lasting businesses in the pursuit of our mission to make homeownership less stressful and more accessible. We are grateful to earn this top 100 achievement in 2023, and will continue to build innovative financial products, mutually beneficial partnerships, and cutting-edge technology.”
According to Inc., included companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. Inc. reserved the right to decline applicants for subjective reasons and growth rates used to determine company rankings were calculated to four decimal places. See the full list from prior years here.
About Hometap
Founded in 2017, Hometap is a Boston-based fintech company on a mission to make homeownership less stressful and more accessible. Starting with its industry-leading home equity investment product, the company has helped nearly 8,000 homeowners across the U.S. access their home equity without having to take out a loan or sell their home. Hometap continues to expand its suite of innovative financial products and services, developing a digital platform designed to help homeowners at every stage of their homeownership journey make more informed financial decisions about their home — and take action on those decisions — with confidence, speed, and ease. Learn more at hometap.com.
