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HomeCrowd

Digital mortgage crowdlending platform

Malaysia
Market: Financial services
Stage of the project: Prototype or product is ready

Date of last change: 13.05.2020
Min investment
$  100.000
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Total required
$ 1.000.000
Rating
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Idea

Our platform connect eligible homebuyer to lenders

Current Status

Launched our beta platform and obtain in-principle approval from regulator.

Market

Malaysian millennials

Problem or Opportunity

60% of Malaysian homebuyer were rejected for the mortgage loan application from traditional banks since 2017. Based on an HSBC bank survey, about 2 out of 3 Malaysian millennials yet to own their 1st home and 94% of them want to buy one in the next five years

Solution (product or service)

HomeCrowd helps underserved millennial by using a holistic data-driven credit scoring that grants them access to a peer-to-peer (P2P) lending platform for mortgage or consumer loans.

Competitors

FundMyHome other than traditional mortgage banks

Advantages or differentiators

i) We have a good relationship with regulators for further support
ii) We are a fintech team with complementing skillset and experiences

Business model

Interest margin : 0.5% p.a. of the loan amount in between the borrower and lenders

Money will be spent on

Debts - 40%
Hiring - 30%
Working capital - 15%
Marketing - 15%

Team or Management

Incubation/Acceleration programs accomplishment

Graduated from Chinaccelerator Batch 16 in Shanghai

Product Video

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address