Arvog Finance invests in financial technology company Homeville, contributing towards expediting home-buying process for first-time buyers

Priyank Kothari, Director-Operations, Arvog

Priyank Kothari, Director-Operations, Arvog

Arvog Finance (Finkurve Financial Services Limited) is a modern smart-tech-enabled diversified finance and venture growth investment company that has been attributed with lending simple yet pertinent Finance and Leisure products and services. Comprehending rising consumer interests towards the profitable housing sectors, the company has recently announced investment plans in Homeville, a fintech company in the housing finance space. The latest announcement will facilitate Arvog to further explore lending sectors such as housing loans and the funds will be used in making better and profitable decisions in future investments related to this market. Through this association, Arvog endeavours to facilitate first-time home investors to walk a step closer towards achieving their dream homes.

Conceptualized by IIM alumni Lalit Menghani, Madhusudan Sharma and Prasad Ajinkya, the start-up lends prospective home buyers with technology-enabled solutions. The company operates on three platforms –HomeCapital, Bharat Housing Network and HomeNxt.– as part of its housing credit enablement network. HomeCapital is a technology platform facilitating India’s first Home Down Payment Assistance Program. It has become  synonymous to the ease of home-buying with reduced down payment requirements and is accepted by all leading residential developers in the country across major cities.  Bharat Housing Network offers co-lending infrastructure in affordable housing finance while HomeNxt, the company’s B2C platform is a digital mortgage podium which makes use of technology for mortgages underwriting and delivery by leveraging the company’s technology stack.

According to Priyank Kothari, Director of Arvog Finance, says, “Taking into consideration the prevailing scenario, Arvog Finance has been witnessing a massive development happening in the ever-booming landscape of housing finance. In spite of an inevitable economic slowdown the concept of homeownership has been gaining precedence among home buyers. The lockdown has stressed the importance of owning a home because it is perhaps one of the only places where one can feel safe and secure. First-time investors in particular have understood the significance of having real estate, as an asset class in their investment basket, as a more dependable option offering stable returns. By investing in Homeville, Arvog Finance aims to surface into a strategic investor in the housing finance market. Homeville’s platforms effectively address the pain-points faced by millennial home-buyers and the real estate market. Taking advantage of Homeville’s disruptive technology, Arvog aims to broaden its hold in the housing finance market.”

According to Lalit Menghani, Director, Homeville, says, ” Our long-term and safe nature of housing finance assets help in generating a massive opportunity for new-age fintech companies for building interesting fintech models. We would like to thank our investor Arvog Finance for believing in our vision of strengthening the technology infrastructure and scaling the mortgage platforms serving millennial investors as well as home buyers in the affordable segment. This investment will help Arvog to explore various other products in the lending sector such as housing loans thus being uniquely positioned to be a market leader in the home finance market.”

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