Mexican property tech startup Flat.mx, the company which claims to be solving the basic home-buying and selling problems across the country has confirmed snagging one of the largest pre-seed round funding across Mexico. The firm has raised $4.5 million as part of the financing led by country-based active early-stage investor, ALLVP. The round also saw participation from California based Liquid 2 Ventures, NextBillion, and a few unnamed angel investors as well.
Flat.mx was founded by Victor Noguera and Bernardo Cordero. the thought that the ‘i-buying’ business model which works across the United States, courtesy Opendoor needed to start their country as well. This was big enough reason for the duo to launch the firm and help the locals. The two graduated from the University of California, Berkeley before founding the firm.
The firm claims that it is trying to solve the basic problems. The company says that the people who are looking to sell their property are unaware about the worth of it. There isn't any central database for them to go and check about the worth of their home. Along with this, once if somehow the owner manages to sell the house, the transfer of ownership, the notarized process nearly takes up to 8 months.
This is where Flat.mx comes into the picture. Through their marketplace, the selling process becomes absolutely simple and smooth. The company makes a visit to the house to get all the measurements, documents and gives the total worth of the house. Once everything is finalized, the seller gets the amount within 72 hours.
The company says that it doesn't have any plans of going towards the Latin American region anytime soon and that they are focusing in Mexico only.
Image Courtesy : Flat.mx