Mumbai-based Easy Home Finance bags an undisclosed amount from Harbourfront Capital

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

Easy Home Finance, a Mumbai-based mortgage-tech startup, has secured an undisclosed amount from Harbourfront Capital.

According to the sources, Harbourfront Capital have plans to foray into financial services through the partnership.

The startup will use the infuse money to expand its asset under management by 10 times. It also will start a PaaS (Platform as a Service) in FY2020.

“Getting a home loan has always been a challenging experience for millions of people but this will change with our extensive data backed AI-based approach,” Praveen Agrawal, CEO of Easy, said.

Agrawal further said that the platform will expand to other Asian countries in the near future.

Easy Home Finance was founded by Rohit Chokhani, Praveen Agrawal, Prerak Mehtra, and Rohan Shah. The platform provides paperless service using Artificial Intelligence (AI)- enabled technology, which was developed to assess and manage home loans.

Whereas, Harbourfront Capital, a group company of Das Capital, invests in emerging platforms like sharing economy, direct-to-consumers, peer-to-peer lending, logistics and supply chain in India, Indonesia and Japan.

“There has been many negative sentiments in the market surrounding NBFCs and HFCs but in the recent budget, the government recognised that financial institutions play an extremely important role in the economy,” Rohit Chokhani, founder and managing director at Easy Home Finance, said.

Adding on, the Easy Home Finance focused on providing home loans to maiden buyers and women as co-owners in Tier-II and Tier- III cities in India.

Shinji Kimura, Founder of Harbourfront, said,”We believe the startup is in the best position to benefit from the country’s ongoing reform of the real estate finance market, underpinned by the rising demand for properties. We are thrilled to participate in their journey as a strategic partner.”

Some of the significant alike startups in the domain includes Lending Kart, KredX, Neo Growth, FairCent, InstaKash, LoanXpress, and many more.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Military attack on Syria unacceptable, Italy tells Turkey (Lead)

Rome, Oct 17 (IANS/AKI) Turkey's week-old military offensive in northeast Syria is unacceptable and must be halted, Italy's Premier...

BJP-RSS using NRC, CAB to stoke communal passions: Yechury

Kolkata, Oct 17 (IANS) Any updation of the NRC beyond Assam would be "anti-people" with the BJP and the RSS endeavouring to use it...

SC Collegium for ‘expeditious’ elevation of K’taka Judge

New Delhi, Oct 17 (IANS) The Supreme Court Collegium has resolved to reiterate its move to appoint Karnataka District Judge P. Krishna Bhat as...

Amul wins hearts with cartoon on BCCI president-elect Ganguly

New Delhi, Oct 17 (IANS) Leading diary brand company Amul has won hearts with its latest cartoon-based advertisement on Board of Control for Cricket...

2020 G7 Summit to be held at Trump golf resort in Florida

Washington, Oct 17 (IANS) A Florida golf resort, owned by President Donald Trump, will host the G7 summit in June next year, the White...
- Advertisement -

More Articles Like This