Product availability increases 40% year-over-year to offer an equity-based financing solution across more of the United States.
TEMPE, Ariz., Aug. 6, 2025 /PRNewswire/ — Unlock Technologies (Unlock), a financial technology company offering a flexible way to access home equity, is now providing home equity agreements (HEAs) in five additional states: Hawaii, Idaho, Montana, New Hampshire and Wyoming. Following the addition of Kentucky, Indiana, Missouri and Ohio earlier this year, Unlock HEAs are currently available in 24 states, representing a more than 40% increase over 2024.
“This recent growth is part of the strategic roadmap we laid out for our Series B funding last year,” said Jim Riccitelli, CEO of Unlock. “We’re now the first provider to offer home equity agreements in several of these states, and we have plans to expand into additional markets soon, making sure more homeowners have the option of an HEA when they need to tap into their home equity.”
According to an early 2025 survey commissioned by Unlock, nearly half of homeowners said they anticipated spending more on household expenses this year and 30% reported having more credit card debt than a year ago, underscoring the need for more accessible ways to address these mounting expenses. With Unlock’s HEA, homeowners receive upfront cash in exchange for a portion of their home’s future value. There are no monthly payments or income requirements to qualify, offering a flexible, transparent option available to a wide range of homeowners.
To help drive future expansion and meaningfully engage homeowners across its expanded footprint, Unlock has welcomed Miren Desai as its first-ever chief growth officer. In this new position, Desai will oversee all aspects of growth and revenue operations, partnering closely with sales and product to introduce more homeowners to this category-defining home equity-based financing. Desai recently held leadership roles at LendingClub, Nextdoor and Funding Circle in addition to previous positions at Fortune 500 banking and credit card companies.
“I’m excited to help take Jim’s vision to the next level and support strategic, sustainable growth that remains focused on the homeowner experience and solving their financial needs,” said Desai. “I believe we can make an equity-based finance solution just as commonplace for homeowners as it is for businesses, and change the landscape of how people manage their finances and reshape their future.”
About Unlock Technologies
Founded in 2020, Unlock Technologies is a Tempe, Arizona-based financial technology company providing products and services that help consumers solve financial challenges and improve their financial health. The company’s flagship product is its home equity agreement, a flexible financing option for homeowners who want to access the equity they have built in their homes without taking out a loan.
Media contact: Allison Ferré, Communications and Public Relations Director, allison.ferre@unlock.com
SOURCE Unlock Technologies