Homelend
Blockchain-based Mortgage Crowdfunding Platform
Company Overview
Snapshot
Founded in February 2017 by Itai Cohen and Netanel Bitan, Homelend operates with 1–10 employees. The company secured seed funding in February 2018 from Techstars Accelerator, marking a key early milestone in its development.
Business overview
Homelend is developing a blockchain-based mortgage crowdfunding platform designed to streamline and automate the mortgage origination process. By leveraging distributed ledger technology and smart contracts, the company aims to connect individual borrowers directly with lenders, eliminating intermediaries and enhancing transparency and cost-effectiveness in home purchasing. Homelend operates within the Fintech and eCommerce sector, focusing on lending and financing, real estate, and investments, with a particular emphasis on blockchain and P2P crowdfunding technologies.
Strategic signal
In April 2018, Homelend was featured for its blockchain platform simplifying the mortgage origination process. This highlights the company's early focus on leveraging distributed ledger technology to disrupt traditional financial services, signaling its intent to bring efficiency and transparency to the real estate lending market.
Company Intelligence Q&A
- What is Homelend's primary focus?
- Homelend focuses on helping individuals purchase homes through a transparent, cost-effective system that directly links users to individual lenders, leveraging distributed ledger technology and smart contracts.
- When was Homelend founded?
- Homelend was founded in February 2017 by Itai Cohen and Netanel Bitan.
- What technology does Homelend utilize?
- Homelend utilizes distributed ledger technology and smart contracts to streamline and automate the entire mortgage origination process.
- Did Homelend raise any funding?
- Homelend secured seed funding in February 2018 from Techstars Accelerator, raising $120,000.
- What was a notable event for Homelend in April 2018?
- In April 2018, Homelend was recognized for its blockchain platform that simplifies the mortgage origination process, aiming to bring borrowers and lenders closer together.