Valocity – the leading cloud-based mortgage lending and valuation platform, is pleased to announce growth capital secured from the NZ based Huljich family, who acquired a 25.7% stake in the company. The capital raised from Valocity’s now cornerstone shareholders will be used to accelerate expansion opportunities in New Zealand, Australia and India.
The Huljich family bring strong governance, growth and tech expertise to Valocity, through investments in a number of high-growth tech kiwi success stories. The family’s investments include Diligent Board Member Services Inc, where the family invested as the sole pre-IPO funder in 2007, as well as NZX and ASX-listed Pushpay Holdings Limited, where the family holds a 21.8% stake.
Peter Huljich joins Valocity’s board complementing existing board members Jonty Kelt, Debra Hall, Andrew Harris and Valocity founders, Antony and Carmen Vicelich.
Valocity’s CEO and Founder, Carmen Vicelich, says, “We are delighted to welcome the Huljich family to our share register and Peter Huljich to our board. The funding secured will be utilised to accelerate our global growth strategy and for ongoing development to continue to innovate existing solutions to further enable our customers.”
Sachin Sandhir, CEO, Valocity India, says, “Valocity is a next-generation smart platform for mortgage lending and real estate valuations. We are excited to bring our game-changing platform to aid digital transformation in the challenging Indian landscape. The housing finance sector is growing rapidly and will benefit immensely by embracing innovative technology solutions.”
Carmen says further, “Valocity has grown its New Zealand market share substantially over the last four years, where we continue to see growth opportunities. Valocity has huge potential to leverage learnings from local success and apply them in Australia and India. At Valocity, we are investing heavily in our people, product and processes to support the level of growth that we anticipate.”
Peter Huljich, Partner at the Huljich family’s investment firm, Christopher & Banks, said, “We continue looking for enduring technologies with global reach and we see the need and opportunity for the mortgage lending and valuation market to grow on Valocity’s platform. We’ve worked with several other leading companies in New Zealand to broaden their global reach and we know this experience will be valuable as Valocity continues to expand in Australia and India.”
Valocity’s enterprise B2B platform combines the best technology, data and domain expertise to help banks digitise and simplify the mortgage lending process. It connects an ecosystem of lenders, consumers, appraisers and brokers together through one centralised, cloud-based solution to deliver risk management, while enabling a more streamlined and transparent experience.
Valocity has been well recognised for its innovation with numerous industry awards including the 2017 CIO award for ‘Best Digital Transformation’, 2016 Nexus Supreme award and the 2015 University of Auckland Entrepreneurs Challenge.