Fintech Startup to Hire Dozens of Employees After $60M Round

Hometap Equity Partners LLC, a fintech startup headquartered in Back Bay, plans to grow to “well over” 200 employees at the end of next year following the closing of a $60 million funding round, according to CEO Jeffrey Glass.

The company, which now has about 140 full-time employees, mostly based in greater Boston, on Monday said it closed its latest round led by American Family Ventures along with Bain Capital, ICONIQ Capital, LLC, G20 Ventures, Pillar and General Catalyst.

Hometap offers homeowners cash in exchange for a share of their home’s future value, and sees returns when homeowners sell or refinance their properties or buy the company’s equity percentage out. The company finds new clients through direct-to-consumer marketing channels, channel partners and word of mouth, Glass said.

This article originally appeared on Boston Business Journal. Read the full article here.