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Valocity attracts investment from the Huljich family

ANI  |  New Delhi [India] 

Valocity, the leading cloud-based mortgage lending and valuation platform, has announced receiving growth capital from the New Zealand-based Huljich family, which 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, and

The brings 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 and ASX-listed Pushpay Holdings Limited, where the family holds a 21.8% stake.

joins Valocity's board complementing existing board members Jonty Kelt, Debra Hall, and founders, Antony and

"We are delighted to welcome the to our share register and 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," said Valocity's and Founder,

"is a next-generation smart platform for mortgage lending and We are excited to bring our game-changing platform to aid digital transformation in the challenging Indian landscape. The housing sector is growing rapidly and will benefit immensely by embracing innovative technology solutions," said Sachin Sandhir, CEO,

"Valocity has grown its 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 and At Valocity, we are investing heavily in our people, product and processes to support the level of growth that we anticipate," added Carmen.

Peter Huljich, Partner at the Huljich family's investment firm, Christopher and 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 to broaden their global reach and we know this experience will be valuable as Valocity continues to expand in and India.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 05 2018. 17:50 IST