Japanese investor Shinji Kimura’s Harbourfront Capital invest in Easy Home Finance

AHMEDABAD: Japanese investor Shinji Kimura’s Harbourfront Capital made an undisclosed amount of investment in a mortgage-tech startup – Easy Home Finance Ltd. The startup will deploy the fund for expanding its assets under management base and further invest in technology.

Harbourfront Capital is a group company of Das Capital, specialising in asset investment in emerging platforms. Easy Home Finance, got registered under the National Housing Bank in July 2018.

Talking to ET over the phone, Sho Nakagawa, director Harbourfront Capital said “Till date we have invested in 8 start-ups/companies in India and our ticket size is around $5 million per deal”. Das Capital has invested in Indian start-ups like Drivezy, Instamojo, InnerChef, and Slicepay.

According to Shinji Kimura, Founder of Harbourfront & Das Capital, “Easy Home Finance is in the best position to benefit from the country’s ongoing reform of the real estate finance market, underpinned by the rising demand for properties”.

“Harbourfront Group along with Easy Group intends to enter into a variety of financial services verticals in India” said Rohit Chokhani, Founder & Managing Director of Easy Home Finance Ltd. He further said they are targeting the PMAY- CLSS backed affordable housing segment across several cities.

The mortgage-tech startup has developed its own proprietary AI-based technology that includes onboarding, assessing and management of the home loans. Easy Home has been focussed on providing home loans to the first home buyer and women as co-owners in tier-2 and tier-3 cities across India. Easy Home aims to use the raised funds to grow its AUM to 10x in the next one year.

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According to the start-up, the mortgage-tech sector in India is relatively untapped. There are companies like Rocket Mortgage and Better Mortgage present in the USA, the developing Asian countries demand is distinctive as it is based mostly on combination of formal & informal income.



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