MortgageMarket Proprietary
Latest round
- Series A
Last raised
- Feb 2021
Total raised
- $0.7M
Investors
- 1
About MortgageMarket Proprietary
MortgageMarket Proprietary Limited, founded in 2019 and headquartered in Johannesburg, South Africa, specializes in streamlining the home loan application process for consumers. The company was founded by Kobi Dorenbush and Tim Akinnusi, with Tim Akinnusi currently serving as CEO.MortgageMarket specializes in providing a streamlined platform for comparing and applying for home loans from South Africa’s leading banks. Their core offering allows customers to create a personal profile, submit a real-time application, and receive a selection of tailored home loan options. The service aims to enhance consumer autonomy and ease in the home loan process, promoting transparency and competition among financial institutions.5% on their interest rates, and upon selecting a home loan, the banks facilitate the signing of necessary documentation at attorney offices. Additionally, MortgageMarket offers a cashback incentive of up to ZAR 5,000, effectively targeting homebuyers seeking financial flexibility and rewards for their mortgage decisions.The revenue model for MortgageMarket is predicated on partnerships with banks and financial institutions as well as the value-added services provided to clients seeking home loans. MortgageMarket also generates revenue through the cashback offer to customers, which serves as an incentive for engaging with their services and may encourage higher transaction volumes. While specific pricing structures for services are not disclosed, the company's primary offerings include the home loan application service and the unique cashback guarantee. The company plans to design and launch new products intended to enhance their service offerings, although specific release dates have not been disclosed. Additionally, MortgageMarket aims to expand into new geographic markets, focusing on regions within South Africa yet to be explored, although specific details regarding these markets or timelines have not been provided.
Who invested in MortgageMarket Proprietary
1 investor across 1 round
See all investors in MortgageMarket Proprietary
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Series A
Feb 12, 2021
Amount
$0.7M
Investors
Questions about MortgageMarket Proprietary
Who invested in MortgageMarket Proprietary?
MortgageMarket Proprietary has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MortgageMarket Proprietary raised?
MortgageMarket Proprietary has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did MortgageMarket Proprietary last raise money?
MortgageMarket Proprietary's most recent round on record is a Series A, in Feb 2021.
What does MortgageMarket Proprietary do?
MortgageMarket Proprietary Limited, founded in 2019 and headquartered in Johannesburg, South Africa, specializes in streamlining the home loan application process for consumers.
Where is MortgageMarket Proprietary headquartered?
MortgageMarket Proprietary is headquartered in Johannesburg, South Africa.
Which VCs invest in companies like MortgageMarket Proprietary?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at MortgageMarket Proprietary's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
Raising like MortgageMarket Proprietary? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.