Mortgage Master Singapore
An unbiased one-stop mortgage brokering platform helping homeowners find the best and most suitable home loan rates.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
SGD928k | Seed | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 162 % | 29 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Mortgage Master Singapore operates as a mortgage brokerage platform, aiming to address the lack of transparency in the home loan process. Founded in 2018 by David Baey, a former banker, the company was established to provide homeowners with neutral advice, a departure from the model of selling a single bank's products. Baey's career includes over a decade in the mortgage industry, with roles at DBS as a Senior Relationship Manager and later as the Head of the Mortgage department at MoneySmart, experiences that directly informed the creation of Mortgage Master.
The firm serves homeowners in Singapore by connecting them with suitable home loan rates for new purchases and refinancing. Its business model is centered on providing a free advisory service to clients, earning a standardized referral fee from the bank upon a successful loan application. This structure is designed to keep the advice unbiased, as the fee is consistent across all banking partners. The platform partners with all major banks and financial institutions in Singapore to offer clients access to a wide range of mortgage products, including exclusive rates not available to the public. The service includes personalized advice tailored to an individual's financial situation, assistance with the application process, and ongoing support throughout the mortgage journey.
Since its inception, the company reports having advised on billions of dollars in home loans and has facilitated hundreds of millions in loan transactions. Mortgage Master has secured funding to support its growth, including a seed round in 2020 and a pre-series A round in 2021, which raised approximately $700,000 USD. These funds were earmarked for technology development and expansion into new markets, including the establishment of an office in Indonesia. The company has received backing from investors such as Tembusu Partners and Woon Young Jeong.
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