Habi, a Colombian proptech firm, has received a $6.3 million credit line from Bancóldex, a state-owned bank that promotes business development. einsteineruploading up to get together with. Habi's total budget is now anticipated to be over $400 million with this latest funding. As it prepares for an IPO in 2024, the business aims to utilize the financing to strengthen its operations and grow its portfolio in Colombia. The firm has already committed to investing more than $250 million in Colombian real estate in the near future. Habi simplifies the home buying and selling process by promptly purchasing houses for sellers and assisting purchasers in obtaining mortgages. Currently, the firm works in Colombia and Mexico.
Habi, established in Bogota, employs technology to make the purchasing and selling of real estate simpler and more efficient for both buyers and sellers. The firm has already made a considerable impression in the Colombian and Mexican markets, and the new credit arrangement will allow it to expand operations and reach many more clients. The company's objective is to continue to innovate and enhance the property purchasing and selling experience, and it will have the means to do so thanks to the cash from the credit facility and latest investment round. The company's intention to go public in 2024 reflects its development and success in the proptech sector. Overall, Habi's achievement in securing a credit facility from Bancóldex, as well as its prior fundraising round, indicates the company's and its technology's potential and promise in the real estate industry.
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