German startup guides first-time buyers towards property ownership
Justhome closes a multi-million pre-seed round promising a better future for homebuyers
Justhome, a Berlin-based next generation home financing startup, just closed its pre-seed fundraising round with $3.3 million. The round was led by Target Global, with participation of APX, the Berlin-based early-stage fund backed by Europe’s leading digital publisher Axel Springer and Porsche, alongside a number of industry-leading angel investors.
Justhome is a digital service that claims to simplify the home buying process by assisting people, even from challenging economic backgrounds, to navigate the process.
Company representatives claim that the purpose of the funding is to, firstly, further develop the company’s proprietary home financing platform and, secondly, develop Justhome’s own financing solutions.
The company addresses customers in need of pre-approved mortgage options from more than 700 lenders. It is a novelty in a market, where approximately half of German mortgage seekers turn to banks, without necessarily comparing rates for more favourable options.
Justhome’s financing solution plans to target first-time home buyers, by providing them options for expanding their budget.
