Fintech startup Mesa has announced the discontinuation of its Homeowners Card program, which rewarded cardholders with points for making mortgage payments. Effective December 12, all Mesa Homeowners Card accounts have been closed, and credit cards have been deactivated, preventing any new purchases or point accumulation.
In a statement, Mesa described the closure as a ‘business decision’ without providing further details. The startup, founded in November 2024 with $9.2 million in funding, had previously offered mortgage loans with 1% cash back and a credit card with rewards for home-related expenses like gas, groceries, utilities, and mortgage payments, rather than the traditional travel and dining categories.
The shutdown marks a significant shift for Mesa, prompting speculation about the company’s future strategies and direction.
Source: TechCrunch
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