Spanish start-up Hipoo hops into action with hip mortgages
Mortgage firm Hipoo aims to manage over €300 million in lending during 2019, with target of 2,000 onboarded customers this year, and 15,000 next year.
Next year, the fintech will be providing around 1,500 mortgages, if its plans fall into place.
The lendtech calls itself the first Spanish platform to “find, negotiate and manage your mortgage, thanks to the mix of tech and mortgage expertise” (translated).
Hipoo “scans” lenders and presents the offers to users “according to their needs”, and guides them throughout the search, selection, paperwork and signing.
As I’m sure you have guessed, the process can be done entirely digitally, online and on mobile.
CEO Juan Ferrer explains that despite the large mortgage market in Spain, with many mortgages valued at over €30,000 annually, the sector has not taken the jump into digital.
“Hipoo was created to change the rules of the game in a sector entrenched in the past, with the objective to simplify the process as much as possible, as well as improve the user experience”.
