yave

Yave is a Mexico City-based digital mortgage lender operating as a SOFOM (Sociedad Financiera de Objeto Múltiple) Entidad No Regulada. Founded in 2017 and previously known as Smart Lending, the company offers fully online mortgage loans designed to streamline the traditionally complex homebuying process in Mexico. Yave provides an embedded lending solution that integrates into partner platforms through APIs, allowing homebuilders and real estate firms to track mortgage applications through its proprietary CRM system. The company targets both Mexican nationals and foreign buyers, particularly U.S.-based purchasers seeking to acquire property in Mexico. Yave's digital platform enables borrowers to complete mortgage applications in 10-15 minutes with real-time pre-approval capabilities, offering credit approval within 12 hours and closing transactions in as little as 3-5 weeks, significantly faster than traditional Mexican financial institutions. The company offers mortgages with terms up to 20 years, fixed interest rates, and requires a minimum 15% down payment. Loans are issued in Mexican pesos with no prepayment penalties and include trust services for beach property purchases (fideicomiso). Yave operates on an asset-light model, originating mortgages and subsequently selling them to banks and mortgage REITs rather than maintaining loans on its balance sheet. Since launching in 2018, the company has facilitated over USD 80 million in mortgages through approximately 30 partner relationships. In November 2022, Yave raised USD 7.5 million in a Seed II funding round co-led by Better Tomorrow Ventures and MetaProp, with participation from investors including Activant Capital, Goodwater, Moore Capital, Fintech Fund, Cross River, and others. The company is headquartered at Avenida Sonora 113, Piso 4, in the Cuauhtémoc borough of Mexico City.