Unicorns Podcast: TechLend, the ‘Afterpay for home loans’, launches in Australia
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The Unicorns Podcast connects you to some of the best and brightest founders, CEOs, executives, business owners, VCs and inspiring leaders who make things happen and inspire others.
Hosted by media and PR veteran and CEO of Mojo Media, Justin Kelly, we chat to leaders on the front line on how to get started, what it takes to build a successful business, how to overcome challenges, and advice for those on a similar journey.
In this episode, Justin speaks with Aaron Bassin, co-founder and CEO of TechLend. Dubbed the “Afterpay of home loans” TechLend is a new non-bank lender that lets homeowners buy before they sell. TechLend offers borrowers same day pre approval to take the financing pressure out of downsizing or relocating.
Hinged on its proprietary technology, TechLend leverages property data and values to deliver same day pre approvals, with a simple set-up cost starting from 1.99 per cent for the first 90 days. The offering takes the pressure off downsizers and families who often struggle to realise liquidity, due to the archaic, slow systems used by the major banks. The business was co-founded by award winning mortgage broker Nick Jacobs.
In this episode, Aaron talks about how TechLend began, the company’s recent Silicon Valley $50 million capital injection, the stampede of customers who’ve applied for loans since launch, how TechLend is using technology to carve out a niche in the home loan lending space, and the international growth plans for the business.
Tune in below.