Trovy - About the company
Trovy is a series A company based in New York (United States), founded in 2024. It operates as a Provider of home equity lines of credit with card access. Trovy has raised $25M in funding from Left Lane. The company has 225 active competitors, including 16 funded and 16 that have exited. Its top competitors include companies like loanDepot, Unison and Rocket Mortgage.
Company Details
Provider of home equity lines of credit with card access. This financial service allows homeowners to access equity through a revolving credit line linked to a payment card. Users can utilize these funds for debt consolidation, home improvements, or other major expenses. The service offers both variable and fixed interest rate options for borrowed amounts. Borrowers manage their accounts through a digital interface that facilitates transactions and repayment plans. The credit line is secured by the residential property of the borrower. This approach provides an alternative to traditional personal loans or high-interest credit cards by leveraging existing home value. The system enables users to draw, repay, and redraw funds as needed throughout the term of the agreement.
- Website
- trovy.com
- Email ID
- *****@trovy.com
Key Metrics
Founded Year
2024
Location
New York, United States
Stage
Series A
Total Funding
$25M in 2 rounds
Latest Funding Round
Ranked
36th among 225 active competitors
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Trovy's funding and investors
Trovy has raised a total funding of $25M over 2 rounds. Its latest funding round was a Series A round on Jun 24, 2026 for $*****. 4 investors participated in its latest round. Trovy has 4 institutional investors.
Here is the list of recent funding rounds of Trovy:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 24, 2026 | 5039796 | Series A | 6133988 | 6786177 | 4629050 | 8319434 |
View details of Trovy's funding rounds and investors
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Trovy's Competitors and alternates
Top competitors of Trovy include loanDepot, Unison and Rocket Mortgage. Here is the list of Top 10 competitors of Trovy, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | loanDepot 2010, Lake Forest (United States), Public | Mortgage lender providing home loans, refinancing, and home equity solutions | $71.9M | 72/100 | |
2nd | Unison 2004, San Francisco (United States), Series C | Co-investment for buying a residential property | $256M | 68/100 | |
3rd | Rocket Mortgage 1999, Detroit (United States), Public | Online platform for mortgage loans | - | - | 65/100 |
4th | GoodLeap 2003, Roseville (United States), Late Stage | Provider of home improvement services | $800M | 62/100 | |
5th | NewRez 2008, Washington (United States), Funding Raised | Provider of an online lending platform for mortgage loans | - | 60/100 | |
6th | Mr. Cooper 1994, Dallas (United States), Acquired | Provider of an app-based platform for residential mortgage loans | - | 60/100 | |
7th | Movement Mortgage 2008, Fort Mill (United States), Funding Raised | Online and mobile app based mortgage loans | - | - | 57/100 |
8th | Splitero 2021, San Diego (United States), Series B | Developer of an online platform for home equity loans | $318M | 56/100 | |
9th | Noah 2016, San Francisco (United States), Series B | Online platform for residential mortgage loans | $156M | 54/100 | |
10th | Atlas Invest 2022, New York City (United States), Series B | Provider of a lending platform for real estate-backed loans | $11M | 54/100 | |
36th | Trovy 2024, New York (United States), Series A | Provider of home equity lines of credit with card access | $25M | 35/100 |
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Trovy's Investments and acquisitions
Trovy has made no investments or acquisitions yet.
Reports related to Trovy
Here is the latest report on Trovy's sector:
News related to Trovy
Media has covered Trovy for a total of 2 events in the last 1 year.
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