Meet the startup that’s on a mission to help 100,000 people buy homes in the next 5 years, and recently raised $30 million to do so
.Divvy offers alternative funding alternatives for prospective house purchasers who do not get approved for conventional home mortgages..Divvy purchases houses outright and enables consumers to pay it back in a series of month-to-month payments —– 25 %of which approaches developing equity and 75% approaches paying ““ lease. “. The business’s COO, Adena Hefets, informed us:” We desire [Divvy] to be the stepping stone that enables individuals to shift from leasing to ultimately owning their own houses.””. In October, Divvy raised a $30 million Series A round led by Andreessen Horowitz..The business runs in 3 cities presently (Cleveland, Memphis, and Atlanta) and in its very first year, assisted purchase houses for over 100 individuals..
When Adena Hefets was maturing, her moms and dads weren’’ t able to get a standard home loan.