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Mortage Fintech Startup Easy raises $15 million led by Xponentia Capital Partners & Others

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Easy, a mortgage finance startup, announced that it has raised $15 million in a Series-A funding round led by private equity firm Xponentia Capital Partners.

Existing venture capital funds such as Harbourfront Capital, Finsight VC, RaSa Future Fund, Navida Capital AB, Helena Wasserman Eriksson, and Integra Software participated in the round, which closed at an undisclosed valuation.

In August 2019, Easy, founded in August 2018 by Rohit Chokhani, raised an undisclosed amount from Harbourfront Capital. In the next two years, the startup hopes to have $150 million in assets under management.

“We have developed an in-house property intelligence tech; combined with credit tech, we are able to deliver a seamless customer experience within minutes, and not days,” said Chokhani, who is also the director.

Consumers are primarily served by the startup, which is registered with the National Housing Board (NHB). In comparison to the United States, where firms such as Blend and SoFi have emerged as significant players, mortgage-tech in India is in its infancy.

“Mortgage is the most important financing decision for any family. Customers of Easy can focus on things that matter and not worry about drudgery and paperwork,” said PR Srinivasan, managing partner, Xponentia Capital Partners LLP. “We are excited to partner with Rohit and the entire team in their journey to digitise the mortgage industry.”

Easy Home Finance Limited (EHFL) is a customer-centric tech-enabled home finance company. With a stellar Board of Directors on our side, we aim to be India's youngest and most vibrant Financial Services provider.

Easy Home Finance aims to provide Easy access to Home loans for every Individual, at competitive interest rate, to fulfil India's dream of Housing for All by 2022.