HELOCs are in the spotlight. The average HELOC rate of 7.25% sits 61 basis points below the average home equity loan rate of 7.86%, widening the cost advantage of variable-rate products and reinforcing consumer preference for HELOCs over closed-end second liens. https://t.co/2Zyu8zOqsg
@trovycard announced our $15 million Series A, bringing total fundraising to $25 million. Led by @leftlanecap, with @kleinerperkins, @DCM_VC , and @Camber_Creek .
@TJ_Milani and I started Trovy because even as home equity lending grew, homeowners were still financing their lives with high-interest debt and a myriad of financial products, while their cheapest source of capital sat idle. In under a year, we built a product that enables homeowners to access their home equity easily, whenever they need it, and we're just getting started.
With homeownership costs rising and consumer debt at all-time highs, Trovy is building the financial partner homeowners need now more than ever: always-on access to your home equity, paired with tools to help you manage what's usually your biggest asset.
Thank you to our investors, our amazing team, and the homeowners who've trusted us.
Also, we're hiring! Check out our open roles at https://t.co/nJCp4dkah9
The Trovy HELOC is now even bigger - with loan sizes up to $250,000.
You can use it anywhere - home improvement, debt consolidation, big purchases, every day spend.
Here's how it works: your Trovy card gives you up to $100K in flexible, revolving credit — and if you need more, you can take the additional amount as an upfront draw at closing. Up to $250K total.
Apply for the Trovy HELOC card today and get your offer at https://t.co/2wMRGvlc4O.
#Trovy #HELOCCard #HomeRenovation #HomeImprovement #KitchenRemodel #ADU #HomeFinancing
In Q1 2026, more than 54% of all home equity extraction came through second liens, the strongest first-quarter performance in nearly 2 decades. Homeowners are protecting their low1st mortgage rates and finding smarter ways to borrow. It’s a great time to get a HELOC @trovycard
Home equity is becoming everyday financial infrastructure.
Trovy raised a $15M Series A led by @leftlanecap, with @kleinerperkins, DCMVentures, and @Camber_Creek returning, as @TJ_Milani and Ashley Harris expand a HELOC Card that lets homeowners use home equity for lower-cost everyday spending.
The next consumer finance winners will not just issue another card. They will turn trapped household assets into usable capital without forcing consumers into higher-cost debt.
Trovy, a New York City-based developer of a home equity-backed consumer fintech and lending platform, raised $15 million in a Series A funding round, bringing its total funding to $25 million. The round was led by Left Lane Capital, with participation from existing investors Kleiner Perkins, DCM Ventures, and Camber Creek. Led by co-founders TJ Milani and Ashley Harris, the company plans to use the proceeds to accelerate nationwide expansion, enhance its financial product platform, and grow its team. Trovy offers a home equity-backed Mastercard credit card issued through Cross River Bank, has expanded lending operations to 27 states within 18 months of launch, and is preparing to introduce “1Loan,” a HELOC product designed for residential property purchases and refinances.
FOUNDERS: TJ Milani & Ashley Harris
INVESTORS: Left Lane Capital, Kleiner Perkins, DCM Ventures & Camber Creek
ROUND: Series A
AMOUNT: $15,000,000
HQ: New York City
#VentureCapital #Trovy #TJMilani #AshleyHarris #TradedVC
Big news. Trovy just closed our Series A.
Homeowners are carrying record levels of high-interest debt while sitting on trillions in home equity they can't easily access. Homeowners are carrying record levels of high-interest debt while sitting on trillions in home equity they can't easily access. We built Trovy to close that gap with a suite of financial tools that puts your equity to work, starting with a HELOC that comes with a Mastercard.
A huge thank you to our investors. We're proud to have some of the best backers in fintech behind us.
If you’ve built up home equity, now is a great time to check how much you could qualify for in 2 minutes at https://t.co/2wMRGvlc4O or the link in our bio.
#Trovy #SeriesA #Fintech #HELOC #HomeEquity