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Hearth
Home improvement financing
- 101-200 employees
- Fintech
- Property
- B2B
- Home improvement
- SaaS
- McKinney, Austin, TX
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Company mission
To empower home improvement contractors to manage and scale their business operations.
Our take
Increasing numbers of businesses are looking at pay-over-time solutions for their customers, but the home improvement sector is lagging behind. Many contractors are only able to accept lump payments and frequently demand payment upfront. This puts home improvements out of reach for many low-income households.
Hearth is changing that by providing a platform which allows contractors to collect payments and obtain liability cover and insurance. It also offers options to send invoices. This allows more customers to pay for home repairs, and contractors to access more customers. In late 2022 the company also launched the first cash-back banking account designed to help home improvement businesses get paid faster, Hearth Banking.
The company has more than 10,000 contractors and is looking to expand its services. Currently, the market is moving toward buy now, pay later products, so the company is on trend if it can keep its first-to-market advantage over potential competitors.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Life insurance & disability coverage
- 401K
- Meals, drinks, & snacks
- Medical, dental, & vision
- Equity
- Unlimited PTO
Company values
- Mutual benefit - We believe the best outcomes occur when all parties - employees, customers, partners, and company - understand each others aspirations and work in close alignment
- Slope - We look for teammates with immense potential, not just those with past success. A little bit of slope makes a big difference
- Truth - We are committed to hearing and sharing the truth - allowing us to identify gaps and deploy solutions
Funding (last 2 of 3 rounds)
May 2021
$23m
SERIES B
May 2020
$16.1m
SERIES A
Total funding: $47.8m
This company has top investors
Leadership
Anthony Ghosn
(Executive Chairman)Having studied at Stanford, Anthony worked for 8VC as Chief of Staff, before co-founding Hearth in September 2016. They have served since as CEO.
Nikhil Pai
(Head of Product & VP of Data)Nikhil studied Computer Science at Northwestern University before co-founding BarLift in 2015 and working as a Northwestern Teaching Assistant. They co-founded Hearth in September 2016, as an Engineer.