Jia Finance
Online platform providing mortgages to foreigners investing in US residential real estate
Online platform providing mortgages to foreigners investing in US residential real estate
Jia Finance: Jia Finance is an online platform that provides mortgages to foreigners purchasing residential real estate in the US, with a focus on buyers from Asia, primarily China. The company takes an asset-based approach to underwriting and utilizes data analysis technology, AI, and identity verification to expedite underwriting decisions, reducing the typical real estate transaction period from 90 days to 30 days.
Investment Details: The company recently secured a $5.00M Seed Round investment on 31 March 2022. The investors include TTV Capital and Stanford Angels and Entrepreneurs.
Market Focus: Jia Finance addresses the growing demand from Asian (particularly Chinese) non-resident real estate purchasers in the US, leveraging the expanding upper middle-class and the desire to diversify assets globally.
Impact: The platform offers an efficient solution, revolutionizing the mortgage process for international buyers and accelerating the real estate investment cycle.
Future Prospects: With its innovative approach and recent investment, Jia Finance is poised to capitalize on the increasing trend of foreign real estate investment in the US and expand its market presence within the financial services industry.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Seed Round | $5.00M | 2 |
|
31 Mar 2022 |
| Seed Round | $1.00M | 1 |
|
22 Dec 2018 |
No recent news or press coverage available for Jia Finance.
We care about your data, and we'd love to use cookies make your experience better.
