Trellis, a Karachi-based Fintech startup in the real estate space, raised an undisclosed amount in pre-series A funding from Fatima Gobi Ventures, Insitor Partners, Zayn Capital, TPL Properties, and Taarah Ventures.
Elevator Pitch: Making it easier to access affordable housing.
Tell me more: Pakistan is currently facing a housing crisis. The housing policy was last updated in 2001, and since then the population has outgrown the available housing. According to the World Bank, we’re facing a shortage of 10 million homes.
In order to deal with this shortage, the government has come up with multiple initiatives but none of them have been successful. Costs are too high, loan policies are too strict, and finances are not well managed.
With technology and modern financial solutions, Trellis hopes to change this. There are no lengthy forms to fill out or complicated procedures to follow.
You should know: Trellis was founded in 2020 by Jamshed Meherhomji and Samuel Hjelmfelt. It has processed over Rs. 1 billion in loan inquiries to date and has partnered with some of the country’s leading financial institutions to accelerate home loan rollouts.
Zoom out: With the new round of funding, Trellis plans to expand its operations.