Company Overview
Snapshot
Founded in March 2024 by Eran Wolf, Loanwise operates with 11–50 employees. The company is currently in its Pre-Funding stage, with its founder actively raising capital for a new credit company focused on the mortgage market. In August 2024, Loanwise announced plans to raise 80 million shekels, securing an investment agreement with a major institutional investor in Israel.
Business overview
Loanwise is an early-stage mortgage company developing technology-driven solutions to streamline the home financing process. The company aims to enhance transparency, accessibility, and efficiency in mortgage services, operating within the Fintech & Insurtech sector, specifically in Lending & Financing. Its core technology involves web-based platforms and interfaces, targeting consumers in the financial and real estate sectors, particularly property buyers, as well as financial services and financial products.
Strategic signal
In August 2024, Loanwise announced its intention to raise 80 million shekels, having already secured an investment agreement with a major institutional investor in Israel. This signals strong early investor confidence in Loanwise's technology-driven approach to the mortgage market, indicating potential for rapid expansion and disruption in both Israeli and international markets, particularly among underserved populations.
Log in to access full profile ›Company Intelligence Q&A
- What is Loanwise's primary business focus?
- Loanwise is an early-stage mortgage company developing technology-driven solutions to streamline the home financing process, aiming to enhance transparency, accessibility, and efficiency in mortgage services.
- When was Loanwise founded and by whom?
- Loanwise was founded in March 2024 by Eran Wolf.
- What significant funding activity has Loanwise announced?
- In August 2024, Loanwise announced plans to raise 80 million shekels for a new credit company focused on the mortgage market, having secured an investment agreement with a major institutional investor in Israel.
- What are Loanwise's market expansion plans?
- Loanwise plans to operate in Israel and abroad, targeting the Arab and Haredi populations, as well as Israelis looking to buy property overseas.
- What is Loanwise's projected financial goal for its mortgage portfolio?
- Loanwise aims to achieve a mortgage portfolio of 480 million shekels in its first year of operation and become profitable by 2026.