Habi received a loan of 50 million dollars from IDB Invest – Sectors – Economy

Habi received a loan of 50 million dollars from IDB Invest – Sectors – Economy

Habi closed a financing agreement with IDB invest up to US$ 50 million to strengthen its operation and continue impacting the Latin American middle class.

Proptech, which is in charge of buying and selling used homes in Colombia and Mexico, has positioned itself as one of the technological platforms that has captured the most financial resources in the last twelve months in Latin America, with nearly US$500 million accumulated.

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Through this funding, IDB invest hopes to contribute to the reduction of the housing deficit in the region, which strengthens the liquidity and agility of the secondary real estate markets with the help of technology.

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According to Sebastián Noguera, president and co-founder of HabiTo date, they have managed to positively impact the lives of more than 30,000 families in the region who have sold their homes through our platform.

“With the support of IDB investWe will continue working so that any Colombian who wishes to sell or acquire a home can do so in an agile and, above all, reliable and safe manner,” he said.

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The organizations are evaluating including measures to improve the efficiency of water and energy in the remodeled propertiesas in the installation of electricity, in the use of water heaters and the incorporation of thermal insulation in floors, walls and ceilings.

In addition to that, Habi develop procedures for waste management.

“IDB Invest is the largest multilateral development bank in Latin America with a very clear objective of accompanying sustainable companies and projects. The support we are receiving from an institution of this caliber reinforces our leadership and commitment to financial inclusion and ushers in a new era for proptechs in the region,” said Marcos Kantt, CFO of Habi.

By Mitchell G. Patton

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