Splitero Raises $11.7M in Series A Funding
- Splitero, a San Diego, CA-based financial technology company that provides homeowners with options to access their home equity, raised $11.7m in Series A funding
- The round was led by Fiat Ventures with participation from Gemini Ventures, Joint Effects, PBJ Capital, Permit Ventures, Dream Ventures, Goodwater Capital, Spark Growth Ventures, and Oyster Fund
- The company provides homeowners a sum of cash in exchange for a share of their home’s appreciation
- Home Equity Investments (HEIs) allow homeowners to use their home equity to better their lives without income or minimum credit score requirements and no monthly payments
- The company currently operates in California, Colorado, Oregon, Utah, and Washington, with plans to expand into additional states in 2023
- Since launching in August of 2021, the company has secured more than $1 billion in financing to help homeowners access their equity without new debt or monthly payments
