South Africa’s Mortgage Market has been nominated in the prestigious 2021 African Banker Award under the category of Innovation in Financial Services Award.
Being the only South African company nominated under the category of Innovation in Financial Services Award, the fintech has been selected for its innovative financial offering showcased in its online marketplace for home loans. The awards will take place on 23 June 2021 with the judging panel entailing of banking experts from all African regions.
Tim Akinnusi,the co-Founder and CEO of Mortgage Market regards this nomination as a nod to the company’s vision of simplifying the process of getting a home loan quote through innovative technology and intelligent use of data .
Founded in 2019, Mortgage Market is a fintech startup that has created an online marketplace for home users enabling them access a home loan easily through its online platform. The need is to eliminate unnecessary paperwork and inefficiency in the home financing process.
Since its official launch in 2020, the fintech startup gives clients a guaranteed payout of R5000 in cash for every approved application and has paid over R1 –million in cash.
Mortgage Market runs on the basis of a shared value model with the aim of ensuring that consumers are provided with the best home loan on the market.Additionally,the fintech has built a home loan pre-approval tech capability that provides users with access to a free credit and affordability assessment. This extra feature offers users with accurate knowledge of their buying potential and finances.
