Unlock Technologies, a Tempe, AZ-based fintech company enhancing the homeownership experience, announced a strategic partnership with D2 Asset Management (D2).
The agreement included a $30M Series B equity investment in Unlock and a $250M capital commitment from D2. Also participating in the Series B were Saluda Grade, Second Century Ventures and REACH.
The company intends to use the funds to:
- Expande its product offerings
- Enhance its technology platform
- Grow nationwide.
Led by CEO Jim Riccitelli, Unlock Technologies is a fintech company providing a home equity agreement (HEA), which offers homeowners a meaningful way to access the equity in their home without the burdens of traditional loans. They can receive a lump sum of cash in exchange for a share of their home’s future value. There are no monthly payments, interest rates or the need to refinance.
Unlock is currently available in 14 states.
FinSMEs
03/09/2024