Boston-based fintech Hometap announced a new chief financial officer. Tom Egan takes on the role and will report directly to Hometap CEO, Jeffrey Glass.
Per a release from Hometap, the company — founded in 2017 — surpassed $1 billion in both capital deployed and assets under management earlier this year. Egan's role will be crucial in scaling the company's complex financial operations and capital deployment strategies, as well as driving Hometap’s financial strategy to align with its long-term vision and ambitious growth plans.
“We are thrilled to welcome Tom Egan to our team as our new Chief Financial Officer," said Glass. "Tom’s deep experience in capital management, deal-making, and strategic financial leadership will be invaluable as we enter our next phase of expansion. His expertise will help us deliver even more value to our partners, investors, and stakeholders while driving positive impact for homeowners across the country."
Egan joins Hometap after nearly five years at Divvy Homes, where he served as CFO and head of capital markets. Before his role at Divvy Homes, he spent over a decade at Barclays, where he rose to serve as head of EMEA leveraged capital markets, underwriting and distributing leveraged loan and high-yield bond transactions.
"I'm excited to join Hometap at this pivotal moment in both the company's growth and the broader evolution of home equity investments," said Egan. "The momentum we're seeing in this space is extraordinary, and Hometap is well-positioned to make a significant impact. I'm excited to leverage my background in capital markets and innovation in the real estate sector to drive forward Hometap's vision of providing homeowners with creative, flexible solutions to achieve their goals.”
