Habi and Bancóldex close a financing agreement for US$6.5MM

With the aim of boosting the real estate sector, the proptech Habi and Bancóldex announced a financing agreement for US$6.5MM (COP30,000MM).

“With this financing, Habi will boost the acquisition of real estate that will mainly benefit VIS housing and strata 1, 2 and 3,” said Javier Díaz Fajardo, President of Bancóldex.

Thanks to this credit line, Habi will continue to strengthen its operation in Colombia and reinforce its mission of accompanying families during each stage of the decision to buy or sell a home.

“The main destination of this financing will be to continue evolving the used home buying and selling experience through technology and innovation. Now, with the support of Bancóldex, we will bring even more agility and liquidity for Colombian families who deserve to see efficiencies in an industry that is traditionally slow and clouded by procedures and paperwork,” said Sebastián Noguera, president and co-founder of Habi.

Habi reported that it will use these resources to continue to significantly increase its volume of buying and selling used housing in Colombia as it has done since 2019. With this, it will be able to offer an increasingly extensive portfolio to its clients.

Currently, Habi is the largest buyer and seller of used housing in Colombia. Through the efficient use of data and technology, proptech has managed to reduce the time it takes to sell a house by 30 times, going from an average of 12 to 14 months to just 10 days.