FinTech Magazine - June 2021 | Page 96

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Fiserv Established : 1984

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Divvy Homes Established : 2018
A new swing on the rent to buy model , Divvy Homes , was founded by Adena Hefets . Hefets was inspired to launch the company after her parents had to buy their home with seller financing because they couldn ’ t qualify for a mortgage . So far , Divvy Homes has received US $ 66m in funding . In 2020 , the company bought 900 homes and reportedly received 10,000 applications monthly . The company helps serial renters realise their dream by allowing them to save for a deposit while renting .
Fiserv facilitates real estate loans through its range of solutions and provides services that enable banks , credit unions and mortgage brokers to underwrite loans more quickly . The service has proved exceptionally popular with commercial buyers , for which traditional loan approvals can take time and stress to arrange . The fintech , founded in 1984 , also provides property management services that speed up and automate payment collection and processing , another popular range of products for its commercial clients . Fiserv reported US $ 10.19bn in earnings in 2019 – up from $ 5.82bn in 2018 .
96 June 2021