Previously known as Smart Lending, Yave is a Mexico City-based embedded mortgage lender. The proptech enables homebuyers to access an online mortgage application process, which is faster than a traditional bank because it originates and services all mortgages executed through its platform. The way it works is with an API that integrates into its customers website (home builders and real estate firms) so they can track a homebuyer’s application process through its mortgage CRM, making the whole process a lot faster.
Yave has 30 partners using its platform and it has helped execute USD $80M in mortgages since its launch in 2018.
The startup recently raised USD $7.5M in a seed II funding round co-led by Better Tomorrow Ventures and Metaprop, with the participation of Goodwater, Activant, Moore Capital, Fintech Fund, Cross River, Vinte, Magma Partners, DILA Capital, and Wollef.