Keyzy is helping key workers and young professionals get on the property ladder
In Brief:
The real estate FinTech acquires homes which it then leases out to aspiring homeowners on a rent-to-own basis, all while sheltering customers from rent and property price inflation
Successful applicants are given a budget to find their home, Keyzy then acquires it for them and leases it to them at a fixed rate for three to seven years. Customers can then buy the home at the original cost, minus the accumulated converted rent
Axeleo Capital and Outward VC co-led the funding round with participation from Seed X and existing investors Global Founders Capital and ActivumSG Ventures
What does this mean?
Jeremy Matallah, co-founder, commented: “there was a huge need for a product like ours 12 months ago when the market rates were at 0 per cent and the economic outlook was great, but still there was this existing problem. But now that the market is correcting itself, the need for our product has increased dramatically and we see it in the number of applications we get.”
