Backflip

Based in the US, RPE Home, Inc. , trading under the brand Backflip, specializes in providing fix and flip loans to real estate investors, delivering essential financial solutions for property acquisition and renovation. Founded in 2020 and headquartered in Lakewood, US, RPE Home, Inc. operates under the brand Backflip, which focuses on offering financial products for real estate investors.

In November 2025, Backflip raised USD 10 million in venture funding co-led by returning investors FirstMark Capital, LiveOak Venture, and Vertical Venture Partners. Other unspecified investors also participated in the round. The founders, Dave Padovano, Jake Rome, and Joshua Ernst, bring a wealth of experience in the industry, with Joshua Ernst currently serving as CEO. Backflip primarily offers fix and flip loans tailored for real estate investors, providing essential financial support for purchasing and renovating properties.

Their services include fast loan analysis, tailored loan options, and access to free tools that assist users in analyzing deals, pulling comparables (comps), and managing funding all within the Backflip app. This comprehensive suite is designed to solve common challenges faced by real estate investors, enhancing their decision-making processes across various U. S. markets such as Texas, Colorado, and Arizona.

Backflip generates revenue through interest on loans issued to real estate investors, alongside potential fees associated with loan origination and processing. Transactions typically occur on a B2B basis, where investors submit applications for funding and upon approval receive capital to acquire and renovate properties. The loan structure includes fixed terms based on the individual investor's project scope. While specific pricing details are not disclosed, the revenue model is focused on providing quick access to capital without upfront lender fees, positioning Backflip competitively in the hard money lending space.

The company plans to utilize the November 2025 funding to support technology upgrades that will enhance its origination, servicing, and asset management operations.