Abound has acquired lendtech start-up Ahauz to enter the UK mortgage market, enhancing its offerings with shared equity mortgages.

Information on the Target

Ahauz is a lendtech start-up established in 2019 by entrepreneurs João Rocha and Karthik Srivats, specializing in shared equity mortgages. The company has successfully raised approximately £2.9 million in funding from prominent investors, including Forward Partners. Through its innovative approach, Ahauz collaborates with housebuilders to facilitate home ownership for borrowers by providing shared equity mortgages, where the lender contributes to the property cost in exchange for a portion of its future value.

With the recent acquisition by UK consumer lender Abound, Ahauz is set to enhance its operations by integrating advanced AI technology aimed at more accurate affordability assessments. This acquisition allows Ahauz to continue focusing on its specialty while benefiting from Abound's robust technology and market presence.

Industry Overview in the UK

The mortgage market in the UK is characterized by a diverse array of products and fintech players aiming to transform traditional lending practices. The growing digitization of financial services has led to an influx of innovative soluti