Mexican proptech Flat.mx, acquired Hipoteca Genial, a platform that helps streamline the mortgage process. The aim of the acquisition is to strengthen Flat.mx’s mortgage credit advisory services.
“Financing is a key element for people when deciding to buy a property. We had already built something to provide mortgage advice. As partners with Hipoteca Genial, it became very natural, seeing what they added to our operation, to think about an acquisition”, said Bernardo Cordero, Flat.mx cofounder.
This acquisition adds to Flat.mx’s suite of offerings, which includes buying, financing, appraising, renovating, and other legal services related to housing operations.
In September 2021 Flat.mx raised $20M in a Series A and has made two acquisitions this year.
Read more on Yahoo Finance.