We are impressed with what theyve accomplished thus far as an NHFCapproved lender, and through this partnership, we are excited to see what more they can do to help South Africans build their dream homes with the support of the First Home Finance Subsidy, said Azola Mayekiso, CEO of the National Housing Finance Corporation.
In March, Fin announced its acquisition of Thuthukani, a Pretoriabased fintech startup as part of its expansion efforts.
Through the acquisition, Thuthukanis incremental housing finance offering was renamed Fin Home Loans and integrated into Fins South African portfolio with a mandate to give middle to lowerincome Fin customers access to affordable finance. Share this article
This partnership with the NHFC confirms that this was the right move and is the first of many as we strive to better serve our customers and partners.
Fins partnerfirst embedded credit strategy will enable its partners to use Fins tools and services to provide credit to their customers, allowing Fin to partner with corporate employers in South Africa and assist them in housing their low to middleincome employees through Fins payroll credit solutions.
The NHFC is happy to partner with Fin as the first nonbank intermediary to facilitate NHFC First Home Finance Subsidies linked to nonmortgage products.
South African fintech startup Fin announced that it has signed a First Home Finance Subsidy Memorandum of Understanding with the National Housing Finance Corporation (NHFC).
The MOU will see Fin become the first nonbank intermediary to facilitate the disbursement of First Home Finance Subsidies in South Africa.
Through Fin Home Loans, the startup aims to give low to middleincome Fin customers access to affordable finance for building materials.
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