Jungo, online mortgage provider lauched by IT company Topicus, announced partnership with Aegon as part of its innovative focus in the mortgage market. Jungo’s new platform will enable home buyers to crowdfund their mortgages.
The idea behind Jungo’s platform is to allow crowdinvestors to invest directly in individual Dutch mortgages. By connecting supply and demand, crowdinvestors help home buyers to obtain a cheap mortgage, while making a return themselves.
By partnering with Aegon, Jungo secures a strategic partner with ample experience and knowledge in the financial sector. This innovative cooperation between the two companies, gives private investors access to mortgage investments. Jungo’s founder, Vincent van den Noort, states that the partnership with Aegon “gives confidence and is a confirmation that we have put something unique in the mortgage market. With Aegon on board, we can grow faster and further develop our platform. Moreover, Aegon has valuable knowledge and experience, which we like to learn from.”
Jungo develops an innovative platform that makes it possible to invest in Dutch mortgages as a private investor. Jungo was founded in 2015 as an initiative of IT company Topicus. In 2016, Jungo obtained a permit from the AFM to become a peer-to-peer mortgage provider. Jungo expects to enter the market during the first half of 2018.