Mesa, a membership platform for homeowners, announces $24M funding round

Mesa, a membership platform built for homeowners, announced on Wednesday a funding round of $24 million in debt and equity from partners in the housing, lending and home improvement space, bringing its total raised to over $33 million to date.

Lowe’s and Paramount Residential Mortgage Group (PRMG) participated in the round, as well as Trinity Capital, an alternative asset manager.

PRMG’s involvement builds on a preexisting partnership announced in May that allows qualified PRMG borrowers and cardholders to earn rewards and Mesa Points on monthly mortgage payments and accelerated points on home-related and everyday purchases, with $0 in annual membership fees.

“We are proud to partner with the team at Mesa as they work to redefine the homeownership experience,” said Steven Lambe, managing director of asset-based lending at Trinity. “Their innovative model not only rewards homeowners but also promotes long-term financial well-being for today’s homebuyers.”

Through the Mesa Homeowners Visa Signature Preferred Credit Card, which is powered by Highnote and issued by Celtic Bank, Mesa members can earn reward points on a range of home-related expenses, from monthly mortgage payments and household purchases, or take advantage of Mesa Mortgage, which also offers reward points for new mortgages or refinancing.

“In today’s economy, homeowners are being hit from every angle – high interest rates, insurance premiums, and aging homes in need of repair. We must work across every part of the homeownership ecosystem to drive positive change,” said Kelley Halpin, CEO and founder of Mesa. “Together, we’re building a platform that makes it easier for brands to reach this key consumer and puts a lot of value back in the homeowner’s pocket.”