South Africa’s online home-loan marketplace platform, MortgageMarket, has expanded its operations into Namibia.
The start-up, co-founded in 2019 by former banking executive Tim Akinnusi, provides customers, property developers, and estate agents with a seamless way of obtaining finance for their property purchases.
The launch of MortgageMarket Namibia is in collaboration with the launch of Tama Estates, a new residential housing development in Swakopmund.
“To be able to pioneer and be the first to launch a marketplace model for home loans in Namibia is an incredible milestone. We’re committed to working tirelessly with our banking partners to empower potential buyers with much-needed tools to guide them in their homeownership journey. We continue to evolve our technology to provide value to buyers, estate agents, and property developers,” Akinnusi said.
He said the company is excited about the partnership with Block 9 Properties to sell out the Tama Estates development.
“This new incremental housing development marks the inception of MortgageMarket’s mission to enhance the customer journey and promote homeownership in Namibia,” Akinnusi said.
Tama Estates is a 87-unit housing development in Swakopmund’s Tamariskia township.
