Hometap Appoints Fintech Industry Leader Eugene Wong as CFO
Adds deep start-up and banking experience Fast growing Boston based Fintech
BOSTON, 25 July 2022 /PRNewswire/ — Home lossa provider of a smart new loan option to leverage home equity without taking on debt, today announced that it has appointed Eugene Wong as CFO. Wong, will lead Hometap’s finance team in developing strategies for the acquisition and distribution of new financial products and services. He joins Hometap from Forward Financing, a Boston-based fintech that provides working capital to small businesses, where he served as vice president of strategy and finance.
Prior to joining Forward Financing, Wong served as Vice President of the Sponsor Finance Group at Silicon Valley Bank, providing debt financing to private equity firms in support of their acquisitions of software companies. Previously, he was an investment banker at Goldman Sachs in the Financial Institutions Group, where he advised US financial institutions on mergers, acquisitions and financing.
“I am thrilled to be a part of the Hometap team, and look forward to using my experience in finance and startups to positively impact homeowners across the country through smart and innovative solutions,” said Wong. “The opportunity to empower them to achieve their financial goals in new ways is one that is now more important than ever.”
Amid rising interest rates and home values, the home investment industry has continued to mature as homeowners look to access the value accumulated in their homes without taking on new debt. In 2022, Hometap continued its rapid growth and expansion, spending hundreds of millions of dollars in capital to help homeowners, doubling its headcount and launching in three new states, bringing its total number of states to 18.
“We are very pleased to welcome Eugene to our management team,” said Jeffrey Glass, CEO of Hometap. “His strong background in fintech, operations and banking will further accelerate our growth, build on our leadership position in the home investment category, and strengthen our efforts to help make home ownership less stressful and more accessible.”
Wong, a native New Englander, holds a Bachelor of Arts in Economics and Mathematics from Wesleyan University and an MBA from the Yale School of Management.
About Hometap:
Hometap is on a mission to make home ownership less stressful and more accessible. Our home investment product gives homeowners a quick, easy and straightforward way to access the equity in their home without taking out a loan or having to sell. By investing alongside homeowners, Hometap offers debt-free cash in exchange for a share of the home’s future value – all with no monthly payments or interest over the life of the investment. Through a combination of financial innovation and first-class customer service, Hometap enables people to get more out of home ownership, so they can get more out of life. Find out more at hometap.com.
Press contact:
Matthew Conroy
Stanton
(203) 610-1421
[email protected]
SOURCE Home loss
