Tuhabi, a subsidiary of Colombia’s unicorn Habi, closed a $21M funding agreement with BBVA Spark.
Tuhabi plans to use the funds to expand its used home purchase and sale operations in Mexico City, Monterrey, and Guadalajara.
“Our objective remains to strengthen the Mexican real estate industry. This fund will surely help us to provide even more liquidity and speed to a business that needs simplicity and efficiency in its processes,”
Sebastián Noguera, Tuhabi’s co-founder, and president.
Since its founding in 2019, the company has assisted 27,000 families in buying and selling houses in Mexico and Colombia. Using technology and data, Tuhabi has reduced the time it takes to sell a residential property by 30 times, going from more than ten months to ten days.
Read more on El Economista.