USA – Jia Finance, a Washington, D.C.-based online residential mortgage platform for foreign investors, raised $5m in seed funding.
The round was led by TTV Capital, with participation from Stanford Angels, the co-founder of SoFi as well as the founder of U.K. top investment app, Nutmeg.The company intends to use the funds to scale its offering in the U.S. Led by Sufian Creui, co-founder and CEO, Jia Finance is a fintech solution providing global investors access to U.S. residential real estate investments via an online platform that streamlines the mortgage application process. The startup uses the latest data analysis technology as well as AI and identity verification to quickly make underwriting decisions and fund mortgages for international investors. The company is sourcing international mortgage applications from its overseas network and is able to close transactions remotely. Typical customers are middle-class investors based in Asia looking to invest in single-family homes or condos as rental properties, and are active primarily in California, Florida, Texas and Washington. Jia Finance’s software and business development teams operate out of its offices in Hong Kong and Shanghai.31/03/2022
