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India’s housing loan market was troubled during the Covid-19 pandemic but appears to be recovering. Valued at US$300 billion, the space is expected to have a compound annual growth rate of 22.5% over the next five years.

At the same time, lower-income groups remain underserved, lacking access to long-term credit – including housing mortgages – from established financial institutions.

That’s the need that India-based Altum Credo aims to fulfill. The housing finance firm recently secured US$40 million in a series C equity round.