AMORQA (SWITCHME) Investment Thesis

AMORQA simplifies mortgage origination. The company is a B2B platform bringing together lenders, developments and customers to have a smooth integrated process. It is the first mortgage tech company in India to use algorithms to drive decision making and self-adapting workflows to solve the industry’s complexities. 

AMORQA has access to developer’s databases so buyers can obtain home loans through AMORQA. It is also embedded in the sales and collection workflows of the leading builders so that it gains access to high-quality borrowers. Developers enjoy accelerated sales, funding and lower interest costs. This process creates a network effect for developers and buyers.

Elevate invested in AMORQA because it is the first mortgage tech company in India and has an experienced founder, Aditya Mishra, that has experience in mortgage originations and banking products. The platform has increased the efficiency for the loan underwriting process by cutting down the processing time by 60%; improving accuracy by over 200% and thereby provides a superior customer experience. Customers receive doorstep service and an efficient, error-free experience. Thereby AMORQA improves housing sales and home ownership rate in India.

Lenders realize the value that AMORQA creates by providing quick access to active consumers without HR costs. Due to this the company has won concessions from lenders that allow AMORQA to receive full revenue at first disbursement in most instances.