# Kredi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kredi

- Industry: Financial Services
- Headquarters: Monterrey, Mexico
- Website: www.kredi.mx
- Total disclosed funding: $5.1M
- Latest round: Seed (Jun 10, 2021)
- Investors on record: 5

## About

Kredi is a financial technology firm focused on providing innovative mortgage solutions for homebuyers in Mexico and Latin America, streamlining the mortgage acquisition and refinancing process through a digital platform.Founded in 2020 in Monterrey, Mexico, Kredi specializes in mortgage solutions that enhance the home buying experience. The company was established by a team of entrepreneurs: Fernando Giacoman, Hernán De La Garza, Javier Aldape, Juan Alpizar, and Uthman Muhibi. Javier Aldape serves as the CEO. Kredi has successfully completed three funding deals, with its latest being a Seed round in which it raised USD 3.10 mn, led by Amplo and supported by investors including Emles Venture Partners, Harvard Management Company, Liquid 2 Ventures, and Soma Capital Management. This round represents the total amount raised by the company so far.Kredi offers tailored mortgage solutions for individuals in Mexico and Latin America, including mortgage acquisition loans and refinancing options. The company’s digital platform simplifies the mortgage application process, allowing users to apply online with required documentation like identification, proof of address, and income verification. With a goal of reducing average mortgage approval time from 14 weeks to approximately 4 weeks, Kredi addresses the challenges faced by homebuyers. Their services primarily target the Mexican market, helping customers finance property purchases and improve existing mortgage terms.Kredi generates revenue through the origination of mortgage loans, charging clients for processing and administration fees. Their income model includes commissions for loan setup and may also involve ancillary services such as bundled insurance products. Clients typically engage via a fully digital application, ensuring a streamlined transition from application to funding, which includes fixed interest rates and varying repayment terms tailored to individual financial profiles. Kredi focuses on direct-to-consumer transactions, aligning its offerings with modern homebuyer needs in Mexico and beyond.Kredi plans to enhance its product lineup with new offerings scheduled for launch in the coming year. The company aims to expand its operations into additional markets across Latin America by 2025, focusing on improving accessibility to its mortgage solutions. The recent funding of USD 3.10 mn from the Seed round will support these growth initiatives, particularly in product development and market expansion strategies.

## Funding rounds

- Seed, Jun 10, 2021, $3.1M — Harvard Management Company, Soma Capital Management, Liquid 2 Ventures, Amplo, Emles Venture Partners
- Seed, Mar 23, 2021, $2M — Liquid 2 Ventures, Emles Venture Partners

## Investors

- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Emles Venture Partners (https://capitalatlas.ai/funds/emles-venture-partners) — Seed
- Harvard Management Company — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Amplo (https://capitalatlas.ai/funds/amplo) — Seed