PALO ALTO, Calif., Nov. 10, 2016 /PRNewswire/ -- Point, the first financial technology platform that allows homeowners to sell a fraction of their homes, today announced it has been named to the second annual Forbes Fintech 50 list, which honors the most innovative and influential financial technology companies in the U.S. The list showcases companies that have developed technology to remake every aspect of how we earn, borrow, save, invest and spend money.
"We are honored to have been selected by Forbes for inclusion in the prestigious Fintech 50," said Eddie Lim, co-founder and chief executive officer, Point. "It's a testament to the innovation of the Point product and to the hard work of the team that we join such an illustrious list early in our company's history. We founded Point with the goal of creating financial products that truly align the interests of homeowners and investors." Homeowners need alternatives to debt and Point's shared equity product offers an important complement to HELOCs and home equity loans. For homeowners optimizing for cash flow, Point lets them take some of the wealth from their home and use it when they need it. Point also gives investors access to the largest and most coveted asset class in the world: owner-occupied US residential real estate. The Forbes Fintech 50 list represents the most powerful companies that have created massive disruption throughout the entire financial ecosystem. To compile the list, Forbes reporters solicited information from more than 300 startups and then interviewed more than 150 CEOs and founders, as well as independent industry experts. Point is backed by some of the nation's leading venture capital firms and individual investors including Andreessen Horowitz, Ribbit Capital, Bloomberg Beta, Vikram Pandit and Laurence Tosi. The full Fintech 50 list can be viewed at Forbes. For more information on Point, please visit point.com. About PointPoint is the first financial technology platform that allows homeowners to unlock their home equity wealth without taking on new debt and gives investors access to a new asset class -- owner-occupied residential real estate. Launched in 2015, Point was founded by Eddie Lim, Eoin Matthews and Alex Rampell following their own frustrations with home financing. The Palo Alto-based company is backed by some of the nation's leading venture capital firms and individual investors including Andreessen Horowitz, Ribbit Capital, Bloomberg Beta, Vikram Pandit and Laurence Tosi. For more information, please visit point.com. Media Contact:Melissa Barto / Tracy RubinJCUTLER media group Melissa@jcmg.comTracy@jcmg.com Logo - http://photos.prnewswire.com/prnh/20161109/437710LOGO