A Palo Alto, California-based fintech startup Point, which bills itself as allowing homeowners to tap into future home appreciation, closed on a $115 million Series C funding round, the company announced Tuesday.

Point now says it has raised $170 million in equity capital.

WestCap Group, a New York City-based investor, led the funding with existing backers Andreessen Horowitz, Ribbit Capital, mortgage real estate investment trust Redwood Trust and Atalaya Capital Management participating, Point said Tuesday. Point’s plans to use the funding include expanding its Home Equity Investment division. The program lets homeowners get cash in exchange for a certain percentage details ⇒

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