Habi is the largest buyer and seller of used homes in both Colombia and Mexico and has become a unicorn having surpassed a valuation of US$1,000 million.
Via Forbes
As part of its digital strategy, Banorte participated in Habi’s Series C equity round; It also established an alliance to develop, as well as offer financial products and services to users of the platform for buying and selling homes.
The financial institution indicated that it expects to continue attracting important technological innovations to the Mexican market, expand the distribution channels of its products through digital media, and continue offering its customers friendly, adaptable, and cutting-edge products that are one step ahead of their needs.
“Habi, and its Mexican subsidiary TuHabi, is the most relevant PropTech in Spanish-speaking Latin America that, through its digital residential real estate platform, powered by data management technology, empowers consumers in the real estate sector in Mexico and Latin America in the purchase and sale of properties with greater efficiency, security and better experience in the process”, he said.
Habi is the largest buyer and seller of used homes in both Colombia and Mexico and has become a unicorn for having exceeded a valuation of US$1,000MM, in a Series C equity investment round of US$200MM, Banorte said.
This capital injection was led by Homebrew and SoftBank Latin America Fund, with the participation of Tiger Global, Inspired Capital and Clocktower. It occurs in a global macroeconomic environment in which capital raising has slowed and valuations have fallen.