Unlock Technologies provides a home equity agreement (HEA) that lets homeowners access equity by receiving a lump sum in exchange for a share of their home's future value. Its HEA product requires no monthly payments, no interest rates, and no need to refinance. The company is led by CEO Jim Riccitelli and is currently available in 14 states. Unlock announced a strategic partnership with D2 Asset Management that includes a $30M Series B equity investment and a $250M capital commitment to support growth. The company plans to use the funds to expand its product offerings, enhance its technology platform, and grow nationwide. The financing positions Unlock to scale its HEA product and broaden its market footprint. Unlock Technologies, founded in 2020 and led by CEO Jim Riccitelli, is a New York City–based financial technology company. The firm provides products and services aimed at helping consumers solve financial challenges and improve their financial health. Its flagship product is the home equity agreement (HEA), a financing option that lets homeowners access the equity in their homes without a loan. The company secured a $100M revolving credit facility to support its operations. Texas Capital Bank provided the financing resources. Unlock plans to use the funds to purchase HEA contracts to serve the growing needs of its HEA investments.

Total raised

$130M

Funding rounds

2

Latest round

Series B

Latest activity

Sep 2024