Colombian Fintech LQN Raises US$12M to Launch Mortgage-Backed Loans led by Grupo Pegasus

Colombian fintech LQN has raised US$12 million to expand its mortgage platform and launch its own real-estate–backed loans. The round included US$10.5 million in debt and US$1.5 million in equity, led by Grupo Pegasus and other strategic investors.

The funds will strengthen LQN’s technology and support a new lending vehicle designed to help homeowners unlock the capital tied up in their properties, an issue affecting 85% of Colombian households with debt-free homes.

Fresh Capital Injection Accelerates the Fintech’s Model

Founded in 2018 by Andrés Pérez and Manuel Zabaleta, the company has built a digital end-to-end platform that modernizes mortgage processes. LQN’s automation tools were designed for developers, real estate agencies, online property portals, and brokers seeking faster loan originations.

To date, the company has processed more than 12,000 credit applications and facilitated over COP $2 trillion in placements through multiple financial partners.

LQN has integrated more than 40 developers, compensation funds, and real estate firms, along with a national network of 800 connected brokers. Its technology has reduced traditional mortgage processing times by 40%, which previously exceeded 100 days.

Portfolio Expansion and an Optimized Operating Structure

The launch of the new lending vehicle will enable disbursements in as little as 10 days, using a warehouse structure similar to those employed by institutional lenders in the United States.

This line of business complements its current revenue streams, which include banking commissions and the sale of proprietary technology solutions. The company now aims to position itself as a direct lender for home-equity–backed credit.

LQN also restructured its operations to reach positive EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) and ensure sustained efficiency. Its workforce went from 215 employees to 48 team members, maintaining growth and profitability through the use of artificial intelligence tools.

Key Features of the New Lending Vehicle

• Disbursements delivered in 10 days for mortgage-backed applications.
• Flexible-purpose loans that free up immobilized home equity.
• A model designed for families who own property without active debt.
• A digital platform for complete end-to-end mortgage origination and management.

International Reach and a Technology-Driven Vision

LQN has processed transactions for Colombians living in more than 62 countries who are interested in purchasing property locally. It has also enabled financing for domestic buyers investing in real estate abroad. Its international operation relies on technology that simplifies complex processes through streamlined workflows.

The company’s platform was designed to transform access to digital mortgage solutions across diverse markets, focusing on faster procedures, integrated decision-making, and improved experiences for both users and partners.

Tech-Driven Mortgage Transformation

This new round strengthens LQN’s role in Colombia’s fintech ecosystem through innovation, operational efficiency, and strategic expansion. Its push into mortgage-backed lending reinforces a value proposition centered on digitization and financial access. The company continues advancing toward faster processes and greater opportunities for homeowners seeking to leverage their real estate assets.