Duppla raises $60M to expand alternative home financing in Colombia
Colombian proptech Duppla raised $60M in a mix of debt and equity. The round was led by a… The post Duppla raises $60M to expand alternative home financing in Colombia appeared first on LatamList .
Colombian property technology firm Duppla has secured $60 million in a combination of debt and equity. The financing round was spearheaded by Patria Investments, with support from Skandia Planeación Financiera, Cometa, Grupo Pegasus, Nazca, and other local and international investors. Established in 2022, Duppla offers an alternative route to homeownership for families who are unable to secure conventional mortgages due to informal income or limited savings.
The company acquires the chosen property, rents it to the family, and provides up to five years to finalize the purchase. An initial 15% down payment is required for participation. This new funding will bolster Duppla's financing capabilities, broaden its residential investment platform, and aid its growth across Colombia, beginning in Medellín.
To date, Duppla has facilitated over 300 home purchases for families in Bogotá and adjacent municipalities. Additionally, Duppla manages a residential investment platform that transforms rental income into investment products for institutional investors. This strategic move was reported by Latamfintech.
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