The firm plans to use the Singapore launch as a stepping stone to Southeast Asian markets.
LOL Interactive Pte Ltd (LOL) has recently launched its online mortgage platform with plans to venture beyond Singapore to serve Southeast Asia’s growing mortgage demands.
Founded by its chief executive officer Erwin Kho in 2018, LOL is a proptech company that specialises in digitising borrowers’ mortgage experience.
Prior to establishing LOL, Kho was an award winning banker with more than 12 years of industry experience. To date, he has facilitated more than $1b worth of property loans and is highly sought after for his insights in the mortgage markets.
With LOL’s online platform launch, Kho believes this is the best time for the company to grow.
“I am very excited to embark on the next phase of LOL's growth. To date, we have been growing organically. Up to this point, most of the growth has been funded by the founders and subsequently from the income generated by the business. However, we are starting to talk to some corporate investors, and I am encouraged by the positive response that I have been getting,” Kho said.
LOL plans to roll out a slew of outreach initiatives to help stakeholders better understand the Singapore mortgage market as well as how decentralised finance can positively impact the regional real estate markets.
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