Residential sale-leaseback firm EasyKnock has introduced a brand new contributor to its Sequence B funding spherical. Viola FinTech has added $5 million to this spherical of funding, bringing the Sequence B whole to $25 million.
EasyKnock’s CEO Jarred Kessler advised HousingWire that this funding spherical means the corporate can work more durable, regardless of the pandemic.
“This round of funding enables us to double down our efforts to support homeowners during a turbulent climate,” Kessler mentioned. “Now more than ever, it’s important that consumers understand their options and are able to access capital when they need it. We’re excited that this support from Viola FinTech will provide us with more resources to accelerate access to our offerings.”
Viola FinTech is a cross-stage enterprise fund that invests in international FinTech corporations alongside main enterprise buyers.
Viola FinTech Normal Accomplice Tomer Michaeli mentioned in a press release that EasyKnock offers the proper advantages to householders.
“One of the greatest promises of PropTech is that it enables not only digital transformation of the real estate transaction but more importantly liquidity in a very illiquid sector,” Michaeli mentioned. “EasyKnock provides exactly these two benefits, enabling cash-strapped consumers to unlock the cash from their most valuable asset – their home, thus providing them an essential financial flexibility, which is critical especially in this time of unprecedented uncertainty.”
This spherical of funding with Viola FinTech will help customers who’ve confronted financial uncertainty due to the pandemic, EasyKnock’s CEO mentioned.
“Through this investment from Viola FinTech, we will be able to assist more homeowners by educating them about our programs,” Kessler mentioned. “Beyond the changes we are observing in the housing market over the past six months, PropTech and Easyknock’s offerings are driving a broader digital transformation in real estate while also providing consumers more options when it comes to achieving greater financial freedom.”
Final month, EasyKnock teamed up with zavvie on a brand new bridge resolution, and with realtor.com as a partnership with different iBuyers to supply extra choices to house sellers.