Toronto-based proptech platform Keypr has partnered with Montréal-based Nesto to add mortgage services as another tool in its digital service for Ontario homebuyers.
We’re tech and process people, so we’re automating [everything] other than getting into the house, negotiating, and closing.”
John Asher, Keypr CEO
Keypr is the consumer-facing online platform for Toronto-based realtor Konfidis, a joint venture between advisory firm FirePower Capital and Feld Ventures. Founder and CEO John Asher told BetaKit that the platform guides buyers through the purchase process, from booking a visit to closing the deal.
“We’re tech and process people, so we’re automating [everything] other than getting into the house, negotiating, and closing,” Asher said in an interview.
Since its launch last year, the Konfidis-owned platform has focused on offering discounts for customers navigating rising home prices. It claims to give up to 80 percent in cash back on buyers’ commissions by having its realtors take less of a cut. Keypr realtors are given more deal volume to make up the difference, the CEO said.
Asher believes that bringing in online lender Nesto, one of Canada’s leading mortgage providers, was a natural next step to deliver better rates on mortgages through a similarly digital-focused platform. Through the partnership, Ontario users can purchase the Montréal company’s mortgage services through Keypr. It also covers legal fees for users closing deals.
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