Digital Platform Helps Fill Affordable Housing Gap in the Philippines with $80 Million Funding

Affordable housing remains a challenge for many low-income families around the world. However, a technology startup is working to address this issue and make homeownership attainable for more people. Lhoopa, a Singapore-based company, has developed a digital platform that utilizes data and partnerships with local professionals to identify opportunities for affordable housing development.

Lhoopa’s platform analyzes real estate market trends across the Philippines to detect undervalued properties with potential. Once identified, the properties are reviewed by brokers and contractors in Lhoopa’s network. They work to acquire, renovate, or build homes that meet affordability standards. This decentralized model allows Lhoopa to scale operations without a large on-the-ground presence.

The company’s latest funding round reflects confidence in this innovative approach. Lhoopa recently raised $80 million, including $20 million in equity and $60 million in debt financing. The round was co-led by the International Finance Corporation and Wavemaker Partners. This fresh capital will help Lhoopa accelerate its expansion throughout the Philippines and potentially enter new Southeast Asian markets.

To date, Lhoopa has helped over 2,500 Filipino families realize the dream of homeownership through their platform. Co-founder and CEO Marc-Olivier Caillot aims to increase that number significantly, with a goal of providing 15,000 affordable homes in the Philippines alone over the next three years. By leveraging technology and local partnerships, Lhoopa is making meaningful progress in addressing the immense need for attainable housing across the region. This story highlights the potential of digital platforms to solve real-world problems at scale.