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Kalonia Venture Partners invests in Koggi, a proptech that simplifies home financing

Bogotá, September 6, 2021.-Kalonia Venture Partners, the venture capital fund specialized in B2B fintech investments for the Latin American market, has just announced its investment into the Colombian proptech Koggi, after its recent investment in the also Colombian Contrato Marco. Koggi is a technological platform that allows clients of real estate developers  or real estate agencies to access options to finance their homes, while facilitating their interaction with financial entities. “The real estate market is having great growth due to the demographic boom, particularly of the middle class that accesses housing through mortgage loans, being an experience that is poorly resolved today. At Koggi we understand that there is great room for improvement in this process, but not only from the technology perspective but above all by helping to connect and streamline the processes between the different actors, the buyer, the seller and the financial institution. For us, the purpose is to make it easier for millions of people to have access to a home. We want the purchase of a home in Latin America to be a 21st century experience. “” Said Juan Díaz, founder and CEO of Koggi.

koggi vertical

For his part, Oriol Ros, partner at Kalonia Venture Partners, points out that “although we are seeing a great appetite for innovation at the intersection of PropTech and FinTech, there is still much to do. Obviously, the experience of buying a home cannot be like asking for an Uber, but neither can there be such an abysmal difference as there is now between the two situations. We believe that Koggi has a passionate team, with experience in recognizing the rules of interaction of the actors involved in the process, and great capacity for execution ”, said Ros.

Koggi is a platform that simplifies the search, selection and approval of mortgages loans for clients, real estate developers or agencies and financial institutions, using different technologies such as artificial intelligence or OCR. Digitizing the process and making the user experience easier by being a single point of contact for the client requesting a loan, connecting with the most appropriate credit institution for their profile. The real estate developers has visibility of the process helping it to manage its clients and the bank receives qualified clients in accordance with its risk policies, improving the flow of communication with them.

The PropTech ecosystem is one of the fastest growing in Latin America. VC’s investment in Latin American PropTechs was USD $ 571 million in 2020, being the 4th sector that has raised the most capital in 2020, after Fintech, E-commerce and Super Apps, respectively, according to a LAVCA report. Recently in Colombia Habi.co, a platform that promises to sell your property in 10 days has raised 100 million dollars in a round led by SoftBank, and the Brazilian broker Loft has announced the purchase of CrediHome, a startup that coordinates between banks, real estate agents and agencies.

Kalonia continues to expand its investment portfolio in Colombia, the third ecosystem in the region in the fintech vertical, with good traction and with many opportunities to innovate, especially in the B2B sector. In addition to Colombia, Kalonia has invested in startups from Mexico, Argentina, Uruguay and Spain.

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