How to Prepare Your Retail Company’s Finances for the 2021 Holiday Season

As a small-business owner, you’ve probably already started to think about the upcoming holiday rush and how you can best prepare to serve customers in the face of almost as much unpredictability as in 2020. It comes as no surprise that last year’s holiday shopping season looked a lot different than most, with the Covid-19 pandemic keeping many consumers out of brick-and-mortar stores and opting for curbside pickup or online retail instead.

According to an Adobe Analytics study, those businesses that offered curbside pickup saw 49 percent higher digital sales year-over-year compared with a 28 percent digital sales increase for those who offered only in-store shopping. And of course, internet retail saw a huge increase as shoppers browsed from the safety and comfort of their own homes: Online shopping surged more than 32 percent in 2020 from the previous year.

This article originally appeared on Inc.com. Read the full article here. 

Market Map: 240 Real Estate Technology Companies Transforming Today’s Housing Market

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This is the third update to the market map and includes over 100 additional companies — a testament to the pace of entrepreneurship in this segment. A high-resolution version of the map can be accessed here, the full list of companies is available here, and my commercial real estate market map is here.

So much has happened in the housing market over the last year — home pricing across the U.S. are up 16% year-over-year, interest rates remain near historic lows and housing construction starts are up meaningfully for the first time in more than a decade (for more detail on this, see my recent housing market update).

Times have also been good for technology companies in real estate — several companies in the sector went public over the last year, including Opendoor, Compass, Better and Blend (a Thomvest portfolio company). Venture capital activity in real estate has also remained quite strong — investment in the category reached $8 billion through the first 9 months of 2021, a record.

This article originally appeared on Thomvest.com. Read the full article here. 

50 Small- Mid-size Companies with Happiest Employees

Research shows that companies who make their employees feel valued through a variety of factors that make an employee happy, such as being paid fairly, having great perks and benefits, clear goals to be invested in, and a positive work environment, creates more loyal and productive workers.

The highest-rated companies with the Happiest Employees are segmented into two lists, Top 50 Large companies (more than 500 employees) and Top 50 Small/Mid-Size companies (500 employees or fewer), and based on anonymous employee feedback on Comparably.com to a variety of questions regarding happiness at work.

“In our annual analysis of where the happiest employees are, Comparably looks at a combination of metrics that contribute to happiness at work, from fair pay, benefits and clear goals to excitement for the company and the work itself,” said Comparably CEO Jason Nazar. “Despite the challenges of the past year-and-a-half, the top-rated companies on the list succeed at meeting the needs of their workers across these important factors.”

This article originally appeared on Comparably.com. 

Shared Home-Equity Agreement: How Homeowners Can Now Conveniently Unlock Value From Their Homes

For many of us, the largest single component of our accumulated wealth is represented by the value of our home. And yet, until very recently, we have been unable to access that wealth, which in many cases can be substantial. This has rendered a number of homeowners in a permanent financial state known commonly as “house-rich, cash-poor,” such that their wealth is tied up in the values of their homes, and they have access to limited liquidity.

“A lot of people are house-rich but cash-poor,” Ivy Zelman, chief executive of real-estate consultant Zelman & Associates, told the Wall Street Journal in September 2020. “If they bought in the last two or three years, even if they bought five months ago, they have equity.”

This article originally appeared on InternationalBanker.com. Read the full article. 

Hometap Named Among Comparably’s Top 50 for Best Work-Life Balance 2021

Whether you’re a parent working from home or an entry-level worker just starting out in your career, working at a company with a great work-life balance can be a great benefit. According to workplace culture site Comparably, work-life balance is especially important to employees.

“Finding a happy medium between the demands of work and personal life can be challenging, but flexibility has become increasingly more important over the past year,” Comparably CEO Jason Nazar said in a press release shared with Insider.

“The companies on our annual Best Work-Life Balance list are applauded by their employees for prioritizing a healthy work-life blend, ultimately leading to a more engaged and productive workforce.”

This article originally appeared on BusinessInsider.com. Read the full article here. 

Hometap Named to CB Insight’s 250 List of Fastest-Growing Fintech Startups

Hometap honored as leading home equity investment provider for the third time

New York, Oct. 5, 2021 – CB Insights today named Hometap, which provides a smart new loan alternative for tapping into home equity without taking on debt, to the fourth annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City.

“This is the fourth class of the Fintech 250, and it’s also the most international, representing 26 countries. These 250 fintech startups are attacking an incredibly diverse array of financial services opportunities across 19 sectors, including digital banking, insurance, payroll, retail investing, and more,” said CB Insights CEO Anand Sanwal. “After being named to the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 get acquired. They also went on to raise over $25B in additional financing and forged more than 380 new partnerships after being recognized. The Fintech 250 has a history of spotlighting the very best fintech companies, and this year is no different. We’re excited to see how these fintech startups disrupt and transform financial services in the years ahead.”

“We are thrilled to be included on the CB Insights Fintech 250 for the third consecutive year,” said Jeffrey Glass, CEO of Hometap. “In 2021, we worked diligently to refine our home equity investment product, successfully expanding our product offering into additional states, while further streamlining and enhancing our homeowner experience. I am incredibly proud of Hometap’s growth and development over the past year.”

Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of over 17,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.

Hometap is expanding the home equity financing space, providing an alternative solution for homeowners looking to access the equity in their homes. Unlike a lender, Hometap makes investments in homes in exchange for a percentage of the future value of the property, providing homeowners debt-free cash today with no interest or monthly payments.

Fintech 250 2021: Investment Highlights

  • Unicorns: 118 of the 250 companies (47%) are valued at or above $1B as of their latest funding round
  • Funding trends: In 2021 year-to-date (YTD), these 250 private companies have raised $40.3B in equity funding across 275 deals (as of 9/14/21)
  • Mega-rounds: Since 2020, there have been 178 mega-round ($100M+) equity investments to this year’s Fintech 250, with 138 of them in 2021 YTD
  • Global representation: 36% of the 2021 Fintech 250 are based outside the US. After the US, the UK is home to the most Fintech 250 companies (25), followed by India (12). This year’s winners are based in 26 countries, including France, Brazil, Germany, Indonesia, and Nigeria.
  • Top VC investor: Ribbit Capital is the most active investor in this year’s Fintech 250 companies, having invested in 62 deals since 2016. Since 2019, Ribbit has participated in 41 deals with this cohort of companies, including to Nubank, Uala, Brex, Vouch, Razorpay, and BharatPe. Tiger Global Management and Accel were close behind with 57 and 55 deals, respectively.

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About CB Insights
CB Insights builds software that enables the world’s best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.

Contact:
CB Insights
press@cbinsights.com

About Hometap

Hometap is a smart new loan alternative for tapping into home equity without taking on debt. Homeowners receive debt-free cash by selling a percentage of the equity in their homes to Hometap. They can use the cash for anything, from paying off credit-card debt to starting a business to buying a second home. When the home sells or the homeowner settles the investment, Hometap is paid out an agreed-upon percentage of the sale price or current appraised value. Learn more at https://www.hometap.com/.

Contact:
Rachel Keohan
+1 617-399-0604
rkeohan@hometap.com