Leading homebuying tech firm OneDome is planning to expand abroad having scaled up its team by more than four times in less than 18 months.
Company founder and CEO Babek Ismayil (main picture) told The Neg that OneDome is poised to launch into an English-speaking country this year.
Complete package
And the long-term plan is to venture into other countries as well with its offer of a complete homebuying tech package.
The firm recently announced it had raised $25 million in a new funding round, taking its total raised to $40 million. In October, OneDome unveiled a £7.5 million media-for-equity partnership with Channel 4 Ventures.
Recruitment has been rising exponentially, with the number of employees leaping from 65 at the end of 2024 to between 270-300 currently, depending on whether sub-contractors are included in the figure.
Incredible growth
This growth reflects the rapid increase in revenues over the last three years of an incredible 4,000%.
“I’m looking to go international this year. I believe that any company that is successful in the UK property market has a very strong chance of being successful elsewhere,” Ismayil said.
We have the tightest, lowest profitability margins.”
“We have the tightest, lowest profitability margins or gross profit margins, I wouldn’t say in the world because I don’t know every country, but certainly in the Western World.”
OneDome already exceeds the £1 billion mortgage lending per month figure, with more than 4% of the market, and has the 10% figure in its sights within a year or two.
More acquisitions
In 2024, the firm acquired Albany Park, a specialist mortgage advisory firm and mortgage broking giant the Coreco Group.
And now there are plans to make more acquisitions, Ismayil told The Neg, with targets in the mortgage industry and legal arena.
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