Mesa Secures $24M Strategic Investment from Leading Industry Partners to Enhance Home Ownership Experience

Mesa, a membership platform for homeowners, has raised $24M in debt and equity from industry partners, including Lowe's and Paramount Residential Mortgage Group. The funding will fuel Mesa's growth, accelerate product development, and scale its team. Mesa aims to make homeownership more affordable and rewarding through its Mesa Credit Card and Mesa Mortgage, which offer redeemable reward points for mortgage payments and home improvements.

Mesa, a membership platform designed for homeowners, has announced a significant funding round of $24M in debt and equity from key industry partners. This funding, which brings Mesa's total raised capital to over $33M, includes contributions from Lowe's and Paramount Residential Mortgage Group, among others. The new capital will be used to drive growth, accelerate product development, and expand Mesa's team [2].

Mesa's mission is to make homeownership more affordable and rewarding. The platform offers two primary products: the Mesa Homeowners Visa Signature Preferred Credit Card and Mesa Mortgage. The Mesa Credit Card provides rewards on monthly mortgage payments and other home-related expenses, while Mesa Mortgage offers reward points for new mortgages or refinancing [1].

The Mesa Credit Card, for instance, allows users to earn one Mesa Point per $1 spent on mortgage payments, with a maximum of 100,000 points per year. Additionally, it offers 3 Mesa Points per $1 on day care expenses and home-related spending, and 2 Mesa Points per $1 on groceries, gas, and electric vehicle charging. The card also offers multiple annual credits, such as $65 toward an eligible retailer membership, $200 for home maintenance services, and $120 for pet care services [1].

The strategic investment from industry leaders signals strong support for Mesa's mission to create a comprehensive loyalty ecosystem for homeowners. By uniting major players in housing, retail, finance, and legal under one platform, Mesa aims to deliver real value to homeowners, making homeownership more rewarding and affordable [2].

References:
[1] https://www.nerdwallet.com/article/credit-cards/mesa-homeowners-card
[2] https://finance.yahoo.com/news/mesa-adds-24m-strategic-investment-100500849.html