Colombian mortgage technology company LQN has secured fresh financing to accelerate its growth and expand into direct lending. The company said it raised 12 million dollars in a mix of debt and equity to deepen its platform and unlock home-secured credit for Colombian families. The milestone has drawn regional media attention, including Forbes, as LQN positions itself at the center of a digitizing mortgage market.
Funding Overview
The round totals 12 million dollars, comprising 10.5 million dollars in debt and 1.5 million dollars in equity. Grupo Pegasus led the transaction alongside other investors, providing capital to scale technology and launch a proprietary lending vehicle. LQN characterized the structure as a balanced way to fund both software enhancements and a prudent credit book.
Product and Strategy
LQN operates an end-to-end platform used by banks, developers, and brokers to originate and process mortgages across multiple lenders. The company plans to add its own lending arm that offers free-purpose loans secured by real estate, converting illiquid housing wealth into productive capital. Management says the objective is to help families consolidate liabilities or invest in small businesses using their property as collateral.
Market Context
Access to consumer credit in Colombia remains uneven, particularly for homeowners outside prime banking segments. LQN’s leadership notes that most households hold wealth in property, yet lack instruments to borrow against it efficiently. By pairing digital origination with collateralized lending, the company aims to close a gap that has limited financial mobility for many families.
Efficiency Gains
According to the company, its system reduces mortgage processing times by about 40 percent from historical averages that exceeded 100 days. The platform standardizes document flows, automates eligibility checks, and orchestrates interactions among borrowers, brokers, and lenders. These improvements are designed to raise approval throughput while lowering operational friction for financial institutions.
Traction and Scale
In five and a half years, LQN has managed more than 12,000 loans with an aggregate value above two trillion Colombian pesos. The firm processes roughly 20,000 mortgage operations annually on behalf of eight financial entities using its infrastructure. Its business-to-business model integrates over 40 partners, including construction companies and compensation funds, and is supported by a national network of about 800 brokers.
Founders and Background
LQN was founded in 2018 by economists Andrés Pérez and Manuel Zabaleta, who met at Universidad de los Andes in 2005. Early in their careers, the pair helped build the mortgage credit unit at Banco de Bogotá, giving them firsthand exposure to process bottlenecks and regulatory requirements. That experience informed LQN’s emphasis on full-stack workflow digitization rather than point solutions.
Financial Discipline
Amid a period when several regional proptech and fintech startups have retrenched, LQN reports that it has achieved positive EBITDA with a lean operating structure. The company highlights measured growth, disciplined unit economics, and a focus on revenue from institutional clients. Management believes this footing improves resilience as it adds a lending book on top of recurring software revenues.
Executive Commentary
“We’re launching a proprietary lending vehicle for free-purpose loans with real estate collateral,” said co-founder and CEO Andrés Pérez. “Eighty-five percent of homes in Colombia have no form of credit, so families have wealth locked inside their properties. We want to help them make that capital productive to pay off debt or invest in their businesses.”
With new capital led by Grupo Pegasus, LQN is doubling down on its core mortgage technology while entering secured consumer lending. The move seeks to convert widespread home equity into accessible credit through a digital, multi-lender ecosystem. If execution matches ambition, the company could become a key enabler of household liquidity and institutional efficiency in Colombia’s housing finance market.