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§ Private Profile · New York City, NY, USA
Unlock is a technology company.
Unlock Technologies develops Home Equity Agreements (HEAs), a financial product enabling homeowners to access their accumulated home equity without incurring new monthly payments, refinancing their existing mortgage, or selling their property. This innovative approach provides a flexible capital solution, allowing individuals to unlock significant portions of their home's value for diverse financial needs, ranging from debt reduction and home improvements to business investments, all while maintaining their current mortgage rate and ownership.
The company was co-founded in 2020 by Jim Riccitelli, who serves as CEO, and Ryan Craft, an experienced finance professional who also leads Saluda Grade. Their foundational insight stemmed from recognizing the restrictive nature of traditional home equity products. They sought to create a more accessible and homeowner-centric mechanism for leveraging home wealth, offering financial flexibility and peace of mind by decoupling equity access from the burdens of debt and ongoing monthly obligations.
Unlock Technologies serves homeowners looking for non-debt solutions to finance personal and business objectives. The company's vision is to empower a broad segment of the homeowner population, providing them with a transformative way to utilize their most significant asset. By facilitating a simpler, more adaptable pathway to home equity, Unlock aims to enhance financial well-being and enable individuals to achieve their long-term financial aspirations.
Unlock has raised $291.7M across 6 funding rounds.
Unlock has raised $291.7M in total across 6 funding rounds.
Unlock has raised $291.7M in total across 6 funding rounds.
Unlock's investors include Luke Doramus, REACH, Saluda Grade, Second Century Ventures, 20VC, Accel, ActivumSG, AlleyCorp, Alumni Ventures, Alven, AngelList Syndicator, Arrive.
Unlock Technologies is a Tempe, Arizona-based financial technology company founded in 2020 that provides home equity agreements (HEAs), allowing homeowners to access their home's equity without monthly payments or interest by sharing future appreciation.[1][2][3][5] It serves homeowners facing financial challenges, solving the problem of rigid traditional loans by offering flexible, lump-sum funding in exchange for a portion of future home equity gains.[1][3][6] With over 12,000 homeowners served across 17 states (and three more planned), Unlock has raised $280M total funding, including a $30M Series B in September 2024 from D2 Asset Management, enabling nationwide expansion, new offices, and 100+ hires in recent months.[2][3]
The company has demonstrated strong growth momentum, signing agreements with over 10,000 homeowners in 16 states prior to recent expansions into Kentucky, New Mexico, Ohio, and Nevada, alongside securitizations like its largest with Saluda Grade in November 2025.[2][3][4] Customer ratings are generally positive, with a 4.7/5 on Trustpilot (1,103 reviews) and an A+ BBB rating.[6]
Unlock Technologies was founded in 2020 amid rising demand for alternative home financing, headquartered in Tempe, Arizona, with a branch in Troy, Michigan.[1][2][3][5] Key leaders include Co-Founder & Head of Investment Ops Dan Foster, Co-Founder, President, and Chief Capital Officer Ryan Craft, COO Paul Tucker, and recent hires like Head of Product, Head of Data Eliot Bass (ex-Orchard, Accomplice VC), and Head of Brand Stephanie Nordstrom (ex-Amazon, Chime).[3][4]
The idea emerged to address consumer financial struggles by innovating beyond loans, launching HEAs that provide upfront cash for equity without debt burdens; early traction built quickly, reaching over 12,000 customers by late 2025 through strategic funding and partnerships like D2 Asset Management.[2][3] Pivotal moments include the $280M funding milestone and Series B expansion, fueling product growth and a nationwide footprint.[2][3]
Unlock rides the fintech trend of alternative home financing amid worsening American financial struggles, high interest rates, and locked-in low mortgage rates, making traditional refinancing unviable for many.[3] Timing is ideal as home equity hits record highs while consumers face debt pressures, positioning HEAs as a no-payment solution in a $10T+ U.S. equity market.[1][3]
Market forces like regulatory evolution for HEAs and investor appetite (e.g., securitizations) favor Unlock, influencing the ecosystem by pioneering shared equity models, expanding access beyond loans, and partnering with asset managers to normalize non-debt options.[2][3][4] This disrupts banking norms, empowers homeowners, and grows the proptech/fintech intersection.
Unlock is poised for accelerated dominance in HEAs, leveraging its $280M war chest, 17+ state footprint, and leadership hires to hit nationwide scale and product diversification.[2][3] Trends like persistent high rates, equity growth, and securitization demand will propel it, potentially capturing a larger slice of underserved homeowners while influencing fintech norms toward equity-sharing.
As Unlock expands from its flexible financing roots—helping thousands plan without payments—its trajectory points to market leadership, securitization innovations, and broader financial health tools.[3][4]
Unlock has raised $291.7M across 6 funding rounds. Most recently, it raised $250.0M Unlock Technologies - Other Equity in July 2025.