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MoradaUno wants to make it easier to rent apartments in Mexico

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Renting in Latin America is restrictive. Most landlords require three months of rent as a deposit and a guarantor that owns property in the same city to co-sign the lease. Santiago Morales, the co-founder and CEO of proptech MoradaUno, said this dynamic makes 40% of prospective renters ineligible. His company wants to get more tenants into rentals by underwriting their risk.

“That’s the largest pain point in the industry today,” Morales told TechCrunch. “People not being able to rent where they want, or they have to, like, rent with roomies, roommates or basically can’t rent. So we said, let’s go fix that. Let’s go solve that problem.”

The result was MoradaUno, a Mexico City-based company that looks to upfront tenant risk for landlords. The company works with real estate brokers by screening and underwriting potential tenants and agreeing to take on their rent payments if the tenants stop paying. Morales said the company’s thorough vetting process, which includes background checks and income verification, weeds out a lot of bad actors from the start. MoradaUno also provides additional optional broker services like legal and home insurance.

The company decided to target brokers, as opposed to landlords themselves, due to the fragmented nature of Mexico’s rental market, Morales said. Unlike in U.S. cities where there is a concentration of large landlords that manage a ton of units, in Mexico, it’s the opposite. Most landlords only own one property.

“It’s all mom and pops, like 97% of the market is mom and pops,” Morales said. “They really depend on this income. So they’re like, ‘Oh, who am I renting to? What happens if they don’t pay?’ There’s a lack of trust there. We say, we can help solve that or bridge that lack of trust with technology.”

The MoradaUno founding team knows the LatAm real estate market well. Morales said he moved to Mexico in early 2020, right before the pandemic, because he was working with proptech Loft, the LatAm marketplace for buying and selling real estate. He was supposed to help them expand into the country but when COVID-19 hit, those plans dried up.

The experience gave him a good foot in the door to LatAm’s real estate challenges and introduced him to Ines Gamboa Sorensen and Diego Llano, his now co-founders. MoradaUno was formed in 2020 and formally launched its product in 2021. MoradaUno has since worked with more than 4,500 brokers and helped close more than 20,000 rentals. Santiago added that the company is processing about 1,000 leases a month and wants to hit 3,000 leases a month by next summer.

The company just raised a $5.6 million Series A round to help with that. The round was co-led by fintech-focused Flourish Ventures and Cometa, a VC firm focused on backing companies building for Spanish-speaking populations. Clocktower Ventures, Picus Capital and Y Combinator also participated. Morales said the capital will be used to help with expansion.

The proptech startup market has been growing in LatAm. There are a few other startups looking to tackle rentals too. Aptuno is one that helps people find and apply for apartments online that is based in Bogota and has raised $7 million in venture funding. Houm is another that looks to bypass the region’s tough rental market by acting as a digital broker. Houm has raised more than $44 million in VC money.

MoradaUno is currently live in four cities in Mexico, but the company wants to boost that by adding six more cities in the near future. Morales added that underwriting tenants is just the beginning and in the future they’d like to be able to offer fintech services like advanced rent payments or even build an AI model for brokers.

“It’s really cool to be able to give access [to] people that otherwise would have not been able to rent,” Morales said. “Now you’re giving them an option. That’s very powerful and exciting. That kind of fuels us every day. And we’re also making the lives of thousands of real estate agents better because they have better tools and more efficient technology.”



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YouTube’s new auto-dubbing feature is now available for knowledge-focused content

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YouTube announced on Tuesday that its auto-dubbing feature, which allows creators to generate translated audio tracks for their videos, is now rolling out to hundreds of thousands more channels. 

YouTube first introduced its AI-powered auto-dubbing tool at Vidcon last year, which was only being tested with a limited group of creators. This tool could help make content on the platform more accessible and easier to understand for people all over the world.

The auto-dubbing feature is now available to channels that are focused on informational content, such as videos that teach viewers how to cook or sew. It’ll expand availability to other types of content soon. 

To use the feature, simply upload a video as you normally would. YouTube will automatically detect the language and create dubbed versions in other languages. The tool supports English, French, German, Hindi, Indonesian, Italian, Japanese, Portuguese, and Spanish.

Image Credits:YouTube

YouTube’s auto-dubbing utilizes Google’s Gemini capabilities to replicate human speech. However, the company cautions that the feature may not perform perfectly, as the technology is still in its early stages of development.

“We’re working hard to make it as accurate as possible, but there might be times when the translation isn’t quite right, or the dubbed voice doesn’t accurately represent the original speaker. We really appreciate your patience and feedback as we continue to improve,” the company wrote in Tuesday’s blog post. 

The company also reminded creators that they can look forward to another upcoming update called “Expressive Speech,” which is designed to help replicate the creator’s tone, emotions, and even the ambiance of their surroundings.



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CarDekho SEA raises first-ever outside funding, co-founder says he’s interested in acquisitions

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CarDekho SEA, a Singapore-based auto financing service platform, has raised $60 million in equity, valuing the company at over $300 million, from Navis Capital Partners and Dragon Fund. This is its first round of external funding, following a previous investment of $40 million from its parent company, CarDekho Group.

The company, the Southeast Asia unit of India’s CarDekho Group, will use the funding to support its further expansion into Southeast Asia, focusing on the used car and bike financing industry in Indonesia and the used auto financing sector in the Philippines, Umang Kumar, co-founder and president of CarDekho, said in an interview with TechCrunch.  

Kumar told TechCrunch that acquiring a used car financing platform or insurance brokerage platform in Indonesia and the Philippines could be one of its strategies to increase their presence in the region.

“We do have a couple of assets lined up in terms of what we will look at. You may hear something along those lines within a month or two…we will actively look at acquiring activities. The idea is not completely organically built. So we will look at some inorganic acquisition as we build out our business across Southeast,” Kumar said.

Founded in 2020, the company already has a significant presence in Indonesia (OTO Indonesia) and the Philippines (Carmudi Philippines and Zigwheels Philippines). It’s also in a few other Southeast Asian markets, such as Thailand, Singapore, Malaysia, and Vietnam, and is eyeing expansion into new markets in 2026.

Kumar explained that the company initially had a joint venture partner in Indonesia but later bought out the local partner entirely, becoming the 100% owner of the entity between 2019 and 2020. The company’s acquisition spree continues as it acquired Carmudi, which operates in the Philippines, Indonesia, and Thailand, in 2021 to expand into SEA, Kumar explained.

Unlike its peers, CarDekho SEO acts as a comprehensive aggregator for auto financing services. Its main competitor used to be Moladin, which has now pivoted to become a full-fledged lender.  

CarDekho SEA highlights its edges, including its technology-driven loan procedures, asset-light marketplace approach with no credit risk, an extensive network of used car dealers and agents, and solid collaborations with financial institutions. CarDekho SEA will use AI and machine learning solutions to reduce fraud and credit risks and provide more data to their financing partners to succeed in a changing technological environment.

Since its launch, the company has experienced significant growth, with over 200,000 disbursements and over $1 billion in loans disbursed. This represents a 50x increase in gross merchandise value over the past three years and establishing partnerships with over 50 financiers and 20,000 dealers and retail agents.

Its primary customers are small-scale used car dealers, with many having less than ten cars in stock or no physical showroom at all. “Due to their sub-scale presence, financiers often find it challenging to serve them directly,” the CEO said. “Our platform aggregates demand from these individual dealers, connecting them to a wide network of financiers and offering access to a variety of financial products for themselves and their customers—products that were previously inaccessible to them.”

The company is in the scale-up phase, generating upwards of $50 million in revenue annually through per-loan commissions with the financiers.



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SpaceX Conducts Epic Test Fire Of Starship Booster For Next Flight; Watch

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SpaceX, on December 10, conducted a static fire test of its Starship Super Heavy Booster at the Starbase facility in Texas. The test was part of the preparations for the flight which could happen as soon as January 2025.

Taking to social media, SpaceX shared a video and pictures from the test where the 232-feet-tall Booster stood on the launch mount and its 33 raptor engines were briefly fired.

The next flight will be Starship’s seventh. Flight 6 took place on November 20 and was largely successful. The only point where SpaceX fell short was catching the Super Heavy Booster using the launch tower due to a technical issue.

Reports have hinted that SpaceX will try launching the rocket on January 11, 2025 but an official announcement from the company is yet to be made.

ALSO SEE: Anand Mahindra Mighty Impressed As SpaceX Catches Starship Booster, Asks Elon Musk For A Ticket

SpaceX CEO Elon Musk also hinted that the launch might happen soon as he reposted pictures of the test fire with the caption, “Getting ready for flight 7.”

According to an email sent by NASA to the Federal Aviation Administration (FAA), the agency wants to use its Gulfstream V jet to observe the Starship mission. It will gather data on the rocket’s upper stage’s atmospheric reentry from the sky.

The 400-feet-tall Starship not only matters for SpaceX to ride to Mars but also to NASA, which wants to use it for landing astronauts on the Moon. The agency has paid SpaceX nearly $4 billion to develop rockets that would take humans to the lunar surface in more than five decades. Starship will be used by NASA during Artemis 3, the Moon landing mission that has been pushed to mid-2027.

Musk has previously said that the mega rocket will reach Mars in the next four years and if all goes well with its landing on the red planet, we might soon see astronauts leave for Mars as well.

ALSO SEE: Elon Musk ‘Highly Confident’ About Sending Starships To Mars By 2026

(Image: SpaceX)





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