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Achieve secures $261 million through a HELOC securitization. This marks the ninth securitization and further strengthens its access to capital markets.

PRIVATEAug 07, 20263 days ago

Amount Raised

$262 Million

Round Type

Venture - Series Unknown

San FranciscoFinancial Services

Description

Achieve closed a $261.5 million AAA-rated securitization backed by newly originated home equity lines of credit (HELOCs). The deal includes multiple classes of rated and unrated mortgage-backed notes and is backed by over 3,100 HELOCs. This transaction reflects strong confidence from institutional investors in Achieve's HELOC platform. The funds will help more homeowners use their equity with predictable financing options.

Company Information

Company

Achieve

Location

San Francisco, California, United States

About

Achieve is the leader in digital personal finance, built to help everyday people thrive. Achieve offers innovative digital financial solutions including home equity loans, personal loans and debt resolution, as well as financial education. From the single parent trying to catch up on bills to the entrepreneur trying to make their dreams a reality, we provide innovative, personalized financial solutions to move them towards a better financial future. By focusing on each individual to understand what’s working for them and what’s not, we tailor an approach to meet their specific needs and goals. Then we add in our data and intelligence, innovative technology, unique solutions, and an empathetic human touch to help our members move their finances forward. We put our members first and treat them like humans, not account numbers. Our people make the biggest difference. With more than 2,700 teammates across the country with hubs in California, Arizona, and Texas, everyone collaborates to make an impact on our mission; to empower everyday people to move forward on the path to a better financial future.

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