Graceful Finance operates a fintech platform that enables older adults to monetize their home equity through Lifestyle and Legacy Agreements, providing them with a steady income stream while allowing them to remain in their homes. The platform connects institutional capital partners with customer demand, addressing the financial challenges faced by seniors seeking to supplement their income and preserve their legacy.
Funding
$600K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many older adults face financial challenges in retirement but are reluctant to sell their homes, their primary asset. Traditional reverse mortgages can be complex and may not align with their long-term financial and legacy goals. This leaves a gap in the market for solutions that allow seniors to access home equity while maintaining the ability to age in place.
Solution
Graceful Finance offers Lifestyle and Legacy Agreements, enabling older adults to monetize their home equity to supplement their income while remaining in their homes. The Lifestyle Agreement allows seniors to sell their home and continue living there for a guaranteed period, receiving a steady income stream. The Legacy Agreement allows them to sell up to 49% of their home's value, providing a lump sum while preserving a portion of their home equity to pass on to heirs. Graceful Finance also offers an Aging in Place Bundle, which includes financing, home modifications for safety, and home improvements for comfort.
Target Audience
The primary target audience is adults over 62 who own their homes and are seeking ways to supplement their retirement income or access their home equity for lifestyle enhancements or legacy planning.
Features
- Lifestyle Agreement: Sell your home and receive a guaranteed income stream while continuing to live in it.
- Legacy Agreement: Sell up to 49% of your home's value to receive a lump sum while preserving a portion of your equity.
- Aging in Place Bundle: All-inclusive service that includes financing, home modifications, and home improvements.
- Home safety checks to identify and complete necessary modifications.
- Nationwide hub for curated service providers for home health check-ups and property renovations.