The asset management firm Black Opal Group has raised $3 million from banks, including SBI and HDFC.
The money raised will be put toward growing the staff and offering of JustHomz, a prop fintech B2B2C platform that it established the previous year.
Using its asset management vertical JustHomz.com, Black Opal Group was founded in 2020 by Prasoon Chauhan and Ishan Agarwal. By putting user privacy first, offering an intuitive map interface, making property documents easily accessible, and launching the Just Scorz scoring algorithm, the platform aims to enhance the home-buying experience.
The app provides a thorough project assessment by evaluating properties based on technical parameters. Financing products like home equity, renovation financing, and early brokerage are also integrated into the platform.
The startup states that it has 240 verified projects, 250 verified channel partners, and over 5,000 registered customers. At the moment, it serves the NCR area.
In the next three to six months, the brand hopes to onboard over 100,000 customers and disburse $3 to $5 million in loans via the app.
