Mesa: A New Way to Earn Rewards on Your Home

Mesa, a mortgage fintech, has launched with a unique concept designed to reward homeowners for their everyday spending related to their home. The company offers cash back and rewards on all home-related expenses, including mortgage payments, home improvement projects, and even daily necessities. This innovative approach aims to help homeowners save money and earn valuable rewards while managing their home finances.

• Mesa offers 1% cashback on mortgage loans, both original and refinancing.
• Homeowners can also earn rewards points on their mortgage payments and other home-related expenses through a Mesa-branded credit card.
• Mesa partners with Celtic Bank for its credit card offering.

How Mesa's Rewards Program Works

Mesa's rewards program is designed to incentivize homeowners to manage their finances effectively and earn valuable rewards. The program works on a point-based system, where users earn points for various home-related expenses.

• 1 point per dollar for mortgage payments
• 2 points per dollar for gas and groceries
• 3 points per dollar for home services, including HOA fees, utilities, repairs, and home insurance.

These earned points can be redeemed in various ways, including cash back, gift cards, travel booked through Mesa's travel portal, or used to offset monthly mortgage payments.

Mesa's Commitment to Homeowners

Beyond the rewards program, Mesa offers additional benefits to its customers. The company plans to introduce exclusive discounts and perks for homeowners, including:

• Discounts on home improvement products and services from Mesa's network of partners.
• Membership discounts to warehouse wholesalers like Costco.
• Credits towards home maintenance expenses.

Mesa's goal is to provide a comprehensive platform that simplifies homeownership and helps homeowners save money and earn valuable rewards.

Mesa's Approach to the Mortgage Market

Mesa enters the mortgage market at a time when interest rates have risen, challenging the fintech sector. The company is hedging its bets by offering a combination of mortgage loans and credit cards, generating revenue from interchange fees, interest income, and affiliate partnerships. Despite the challenging market conditions, Mesa has secured $7.2 million in seed funding and an additional $2 million in venture debt, demonstrating investor confidence in its innovative approach.

Mesa's Team and Experience

The Mesa team is comprised of experienced professionals with backgrounds in fintech and startup companies. Kelley Halpin, the founder and CEO, brings experience from Uber and multiple successful startups. Co-founder Peyton Hayslette has a strong track record in fintech, including work at Paceline, a wellness credit card startup. With their combined expertise, Mesa is positioned to make a significant impact in the homeownership market.

Mesa's Future Plans

Mesa is currently operating on an invite-only waitlist, but plans to expand its reach to a wider audience. The company aims to become a leading platform for homeowners, offering a comprehensive suite of financial products and services designed to enhance their homeownership experience. With its innovative approach to rewards and benefits, Mesa has the potential to transform the way homeowners manage their finances and reap the rewards of their hard work.