Easy, founded in August 2018 by Rohit Chokhani, had raised an undisclosed amount from Harbourfront Capital in August 2019. The startup aims to achieve an asset under management of $150 million in the next two years.
“We have developed an in-house property intelligence tech; combined with credit tech, we are able to deliver a seamless customer experience within minutes, and not days,” said Chokhani, who is also the director.
The startup, registered under National Housing Board (NHB), predominantly provides home loans to consumers. Mortgage-tech as a sector in India is at a nascent stage compared with the US, where firms such as Blend and SoFi have emerged as significant players.
“Mortgage is the most important financing decision for any family. Customers of Easy can focus on things that matter and not worry about drudgery and paperwork,” said PR Srinivasan, managing partner, Xponentia Capital Partners LLP. “We are excited to partner with Rohit and the entire team in their journey to digitise the mortgage industry.”