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Finland’s Kodit.io announced its acquisition of Spanish startup Lucas, combining its automated home selling and buying offering
with Lucas’ rent-to-own product, allowing first-time homebuyers to choose a
property with only a 5% down payment.
The
acquisition will take the company’s headcount to over 100 people across offices
in Finland, Spain, and Poland.
Kodit.io will now offer a unique service that allows homebuyers
to rent before actually buying a home. Kodit.io comes up
with the remaining 95% to buy the flat and lease it back to them with an
exclusive option to buy on a future date at a predetermined price.