Point Receives Agrees Up To $150M Forward Flow Purchase Program with Atalaya Capital Management

Point, a Palo Alto, CA-based financial technology platform that allows homeowners to open home equity wealth without taking on new debt, has agreed to a forward flow purchase program with investment firm Atalaya Capital Management to purchase up to $150m of its structured home equity investment instruments.

The partnership with Atalaya allows the company to continue improving its marketing infrastructure, underwriting automation, data assets and other tools.

Founded by Eddie Lim, Eoin Matthews and Alex Rampell, Point allows homeowners to free their home equity wealth without taking on new debt and gives investors access to a differentiated asset class within the broader single family residential real estate universe. Launched in 2015, Point currently invests in homes across California, Washington, Oregon, Massachusetts and Colorado, with plans to roll out to additional markets throughout 2018.

The company is backed by Andreessen Horowitz, Ribbit Capital, Bloomberg Beta, Vikram Pandit and Laurence Tosi.



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