Homie says it will continue to scale its real estate platform
Fintech start-up Homie has announced that it has invested its recent $23 million capital raise in the launch of its real estate, mortgage, and title service platform in three new markets this year.
The company said that it would also use the funding to continue the buildout of its home buying and selling platform. Homie currently operates in Utah and Arizona and has over 250 employees.
“Buying or selling a home is expensive and time-consuming because of all the different companies you have to work with,” said Homie CEO and co-founder Johnny Hanna. “Communication becomes a game of telephone because of all the parties involved. We are disrupting the traditional model and saving customers thousands of dollars by combining technology, a team of experts, and a one-stop-shop for real estate. Technology has changed everything except for the real estate business model. That time has finally come.”
The start-up integrated Homie Real Estate, Homie Loans, Homie Title, and Homie Insurance in one app to simplify and reduce the cost of purchasing and selling a home. Homie also assigns a local real estate agent for each customer to guide them through the entire process.
“We are grateful to visionary investors who recognize the massive shift that’s happening in how consumers buy and sell homes,” said Mike Peregrina, chief technology officer and co-founder of Homie. “This capital prepares us for the launch in three new states, but most importantly, it will help consumers save millions of dollars in excessive fees and commissions.”
