House Numbers, an AI-empowered home wealth management platform, has announced its successful pre-seed funding round.
The FinTech firm has successfully raised $3.75m in pre-seed funding. Leading the funding round was Resolute Ventures, with additional participation from Maven Ventures and Uncommon Capital.
House Numbers is setting its sights on carving out a new niche within home wealth management. The platform aims to enhance homeowners’ financial prospects by capitalising on their most substantial asset – their home. The company’s strategic approach to wealth management addresses the 90 million owner-occupied homes across the U.S, a sector boasting a staggering cumulative home equity of over $28.6tn.
This newly raised funding will be funnelled into aiding homeowners in navigating the complex financial opportunities that have recently emerged in the housing market. With House Numbers at their side, homeowners will be better equipped to handle matters like mortgage refinancing, short-term rentals, accessory dwelling units (ADUs), home insurance, solar electrification, and strategies to minimise tax burdens.
Co-founders Jeff Levinsohn, Arthur Granado, and Benjamin Hoffman intend to leverage the latest large language models (LLMs) in a bid to guide homeowners to the most suitable home equity product for their financial goals.
The House Numbers platform provides homeowners with tangible financial opportunities across a myriad of product verticals. Through continual analysis of a homeowner’s financial situation, goals, home, and the available financial products in the market, the platform provides personalised recommendations. It is the only digital platform that offers this service across a wide range of home equity products and providers.
House Numbers CEO Jeff Levinsohn stated, “The U.S. Census reports 62% of U.S. households have home equity, compared to just 25% of whom hold stocks and mutual funds. Yet, homeowners still don’t have a trusted source to optimise the financial opportunities around their greatest long-term asset, their home.”
Resolute Ventures partner Raanan Bar-Cohen added, “We love that House Numbers was founded by experienced entrepreneurs to tackle a problem affecting tens of millions of Americans and literally trillions of dollars in wealth. The team at House Numbers is taking a unique approach, leveraging the latest technology to simplify complex decisions and processes to deliver tangible financial benefits to homeowners.”
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