Flat.mx Acquires Hipoteca Genial to Become Housing Super App
Gunderson Dettmer represented the international aspects of the acquisition by our client Flat.mx, a one-stop-shop for residential real estate in Mexico, of Hipoteca Genial, a mortgage advisory platform. The acquisition brings Flat.mx one step closer to becoming a residential real estate super app.
In the announcement of the acquisition, Flat.mx co-founder Bernardo Cordero said, "It is not a year of high growth in mortgage placement, but at the same time we are a startup that is growing, trying to reach a size that we want to reach, we continue to grow rapidly despite the fact that there is a complicated environment with fewer mortgages in the market, and that allows us to attract [more market share] and grow."
The Gunderson Dettmer deal team was led by Dan Green and Brad Krack and included Daniel Gallo and Chase Beckstead.