Riyadh - Sharikat Mubasher: The UAE-based property tech startup Holo plans to expand its operations into Saudi Arabia to contribute to realizing Vision 2030’s goal of increasing the homeownership rate from 47% to 70% by 2030, Co-Founder and CEO Michael Hunter unveiled.
The expansion plan came as part of Holo’s mission of delivering fast, transparent, and efficient mortgage solutions, Hunter stated in an interview with Arab News.
Holo will introduce its technology-driven platform in the Kingdom to streamline the process of securing a home loan, providing multiple mortgage options to consumers within days.
“That is where Holo will step in, presenting a solution that directly addresses this issue by providing a rapid, transparent, and efficient platform,” Hunter elaborated.
The mortgage solutions provider plans to leverage strategic partnerships and its technology to deliver value to Saudi consumers and navigate the challenges facing them to secure home loans.
Further, Holo sets sights on utilizing the Kingdom’s leading-edge banking infrastructure to provide seamless integration and direct application processing for customers.
“Our commitment extends beyond simply entering the Saudi market. We aim to deliver exceptional value to both consumers and financial institutions by offering a superior customer experience, optimizing banking processes, and adhering to global regulatory standards,” the CEO added.
Moreover, Holo will introduce white-label solutions and offer artificial intelligence and machine learning tools to banking partners to strengthen its market position and enhance the value provided to financial institutions.