KeyCash

KeyCash operates as a fintech platform within Brazil's real estate sector, providing a suite of credit and services to streamline property transactions. The company was founded in 2017, and some sources state 2018, by Paulo Humberg, a notable figure in Brazil's internet and investment landscape, alongside co-founders Clarissa Vieira, previously a data analytics leader at Ernst & Young, and Alessandro Silva, who spent 12 years at the real estate portal group Zap Viva Real. Humberg's extensive background includes founding Shoptime and the venture capital firm KPTL, which has invested in over 100 startups. Vieira's personal challenges with a property sale and Silva's desire to build a more comprehensive real estate service inspired the company's inception.

Initially, KeyCash functioned as an "iBuyer," directly purchasing, renovating, and selling properties in São Paulo. After trading about 50 properties, the founders pivoted the business model, recognizing the scalability challenges of direct buying and selling. The company transitioned into a fintech, focusing on home equity loans, a market with significant growth potential in Brazil. This strategic shift leverages technology to provide credit against real estate assets, catering primarily to entrepreneurs and business owners seeking more favorable lending terms compared to traditional bank loans. The firm generates revenue through interest on these loans, which start at rates like 0.82% per month.

The platform utilizes artificial intelligence and predictive data to simplify and expedite the loan application process, allowing users to simulate financing and find competitive market conditions. By offering up to 60% of a property's value as credit, KeyCash aims to unlock the capital held in Brazil's R$ 6 trillion real estate market. The company's services target a client base that includes entrepreneurs (45% of loan requests), salaried employees (17%), and self-employed workers (15%). KeyCash has secured significant funding to fuel its expansion, including a R$ 185 million round announced in October 2021, with Banco Modalmais becoming a notable investor, acquiring an 11% stake. The firm's stated goal was to expand its credit portfolio to R$ 1 billion within three to four years and reach R$ 3 billion by 2025. However, some business information platforms now list the company as "Out of Business" or "Deadpooled".

Keywords: real estate credit, fintech, home equity loans, property financing, mortgage lending, proptech, real estate investment, Paulo Humberg, Brazilian real estate, loan origination, credit platform, secured lending, asset-backed loans, digital mortgage, property technology, financial services, real estate services, South America fintech, venture capital, iBuyer pivot