Trellis Housing Finance Limited (Trellis), an SECP licensed Housing Finance Company based in Karachi, has raised an investment round led by local and international investors including Fatima Gobi Ventures, Insitor Partners, Zayn Capital, TPL Properties & Taarah Ventures along with angel investors. With this funding, Trellis will expand operations across the country, to further its mission to enable all Pakistanis to realize their dream of homeownership.
As urbanization in Pakistan rapidly rises, with the population in towns and cities expected to double in the next decade, the home financing sector is extremely undersupplied with credit. According to the World Bank, there is a shortfall of 10 million homes and less than 100,000 housing loans outstanding in a country of 220 million people.
Founded in 2020, Trellis set out to give every Pakistani access to affordable housing by establishing a world-class housing finance institution. To date, Trellis has processed over PKR 1 billion (US$ 5.77 million) worth of housing finance inquiries, with numbers growing exponentially daily. In addition to its own home finance offerings, Trellis has also partnered with some of Pakistan’s leading financing institutions, such as HabibMetro Bank, JS Bank, and U Microfinance Bank. By adopting Trellis’ proprietary, fully-digital mortgage origination platform, these partners can accelerate their housing finance deployments to get more families into homes faster.
Jamshed H. Meherhomji,...
Read Full Story: https://www.techjuice.pk/housing-fintech-trellis-raises-funding-to-expand-across-pakistan/
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