Housing Fintech Trellis Raises Funding to Expand Across Pakistan
Summary
KARACHI, Pakistan--(BUSINESS WIRE)--Trellis Housing Finance Limited (Trellis), an SECP licensed Housing Finance Company based in Karachi, has raised an investment round led by local and international investors including Fatima Gobi Ventures, Insitor Partners, Zayn Capital, TPL Properties & Taarah Ventures along with angel investors. As urbanization in Pakistan rapidly rises, with the population in towns and cities expected to double in the next decade, the home financing sector is extremely undersupplied with credit. Thomas Tsao, General Partner of Fatima Gobi Ventures, said: “FGV’s strong commitment to ESG investing aligns with Trellis, which leverages technology to improve real estate access to underserved communities and drive social impact. We are excited to join Jamshed and his team on their mission to make home ownership universally attainable in Pakistan.” Hammad Umer, Country Manager for Insitor, the Singapore-based impact investment firm, states: “Pakistan is experiencing an unprecedented urban housing crisis. Insitor Partners has made 24 investments across the region, creating 7,600 jobs and providing direct impact to the more than 32 million people served by its portfolio companies, bolstering the social and economic growth of new markets throughout Cambodia, India, Myanmar and Pakistan.