DD360, a Mexico Metropolis-based monetary and property know-how platform that facilitates financing and administration of residential actual property, raised USD25m in funding.
Creation Investments, a worldwide different asset supervisor and main impression investor in rising markets, made the fairness funding.
The corporate, which has raised roughly US$91 million in fairness, intends to make use of the funds to assist mortgage progress acceleration and product roll-out by means of the growth of its know-how platform choices and software program growth group.
Led by Jorge Combe, co-founder and CEO, DD360 is an internet monetary and property know-how platform that facilitates financing and administration of residential actual property in Mexico. The corporate provides business-to-business mezzanine and development loans for builders, in addition to mortgage loans to shoppers. By means of its digital ecosystem, the corporate helps residential actual property builders from inception of latest tasks by means of sale of particular person residential items, with technological options that disrupt the standard financing course of in the true property sector. It has financed over 120 actual property tasks and constructed a mortgage portfolio of greater than US$230 million.