The deal will seek to provide greater accessibility to home ownership through Lotly’s shared equity program
8Twelve Financial Technologies Inc. has announced a new strategic partnership with shared equity platform Lotly.
The deal will seek to provide greater accessibility to home ownership through Lotly’s shared equity program. This will be facilitated through reducing upfront costs for home buyers, the companies promised.
The collaborative effort will be powered by 8Twelve’s INFIN8 real-time analytics platform. Through the use of artificial intelligence and workflow automation, the combined systems “will help identify the best possible mortgage from Canada’s largest marketplace of bank, alternative, and private mortgage products, thereby reducing the financial barriers to home ownership,” the companies said.
“Our technology, combined with Lotly’s shared equity program, will provide a unique solution to the financial challenges of home buying,” said Gary Fooks, CEO of 8Twelve. “This partnership ensures that we can help more people realize their dream of home ownership.”
Lotly’s platform ensures that home buyers retain the majority of their property’s appreciation, paving the way for what it calls “meaningful wealth generation through home ownership.”
“With the current economic climate and the challenges of the housing market, potential homeowners need to be aware of all their financing options,” said Martyna Gatkiewicz, CEO of Lotly. “This partnership underscores the strength of our shared equity program and 8Twelve’s technology in enabling us to deliver the best financing solutions to our clients.”
