Latin American prop-tech, Tuhabi received a $50M credit line from Inter-American Development Bank to increase their real estate inventory in Mexico. This announcement comes after the startup secured a $100M credit line from Victory Park Capital last month.
The funding will grant Tuhabi the opportunity to leverage the dynamic property market in Mexico and meet the evolving needs of homeowners and buyers in the country.
Tuhabi, recognized as a unicorn startup, streamlines the process of selling properties in Colombia and Mexico, enabling customers to sell their homes online and receive a payment within 10 days.
Currently, the company uses a combination of AI and manual assessments to perform over 50K home price estimates per month, automating more than 70% of the calculations.
Read more at Yahoo Finance