Teca
Financial Services - Lagos, Lagos, Nigeria
Teca Employees
Teca Details
At Teca, we are making housing affordable and democratizing mortgages for everyone.Reduction in earnings & purchasing power without corresponding decrease in housing prices, but instead increased prices have created a housing deficit of 22 million units resulting in a decline in homeownership rate from 51% in 1991 to 7% in 2020.Rates from traditional lenders are very high due to high overhead costs, stringent down payments & collateral requirements, duration of repayment, timeline to get a decision in principle / pre-approval, and closing of the mortgage make it unaffordable and undesirable.Our digital-only approach allows us to leverage open banking, our proprietary mortgage underwriting technology and customers digital assets to curate a cheaper, faster and stress-free experience tailored to each customer via their preferred channel (a smartphone or computer)
