How Noah Helps Users Tap Home Equity

The company formerly known as Patch is now called Noah after a rebranding this year; it was founded by Sahil Gupta and Sundeep Ambati back in 2016; Noah partners with homeowners, giving them access to their equity (up to $350,000) in exchange for a portion of the future appreciation of the property; they currently have customers in California, Washington, Oregon, Utah and Colorado; recently the company raised $150 million in funding which they plan to use to grow the company’s offering in East Coast markets; as part of the announcement, Gupta noted that Noah is able to, “gain a full financial profile of our homeowner partners and provide them with funding – even if they may be facing unemployment or reduced income.” Fintech Magazine

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