About Knnct

knnct’s robust P2P platform for brokers & lenders lets them get mortgage deals done quicker and easier. Brokers create a digital mortgage application, post their deal and then knnct filters & matches the deal with lenders whose lending criteria matches the deal & have access to all compliance docs. Brokers usually receive multiple offers in less than 24 hours. And knnct provides lenders with deal flow without relying upon personal relationships.

Location: Toronto

Year Founded: 2018

Vertical: Lending / Borrowing

Employees: 1 – 10

Website: knnct.com

Social Media:

Problem

The mortgage sector has relied upon very traditional business methods for 50+ yrs: hard copies of mortgage applications & associated documents, using personal relationships to source deal flow, using staffs of people to analyze & filter deals and communicating/sending documents through email and fax. knnct has digitized this process – from digital documents and digitally analyzing and filtering data to match the right deal with the right lender.

Core Benefits

knnct has digitized the mortgage process – from creating the mortgage application, searching for lenders, matching the right deal to the right lenders, the offer & commitment process & all compliance documents.

Value propositions:

• Brokers: Unparalleled access to lenders/Deals done fast/Transparency/Competition among lenders/Efficiency
• Lenders: Unparalleled access to brokers/Low cost bizdev channel/Deals done fast/All deals analyzed & filtered

Ideal Customers

Both Businesses and Consumers (B2B2C)

Milestones

• Live Release of the knnct.com Platform
• Close to 20 lenders/20+ criteria/$3B in available capital
• Started pilot program with major brokerage
• Over 100 agents/underwriters using the platform
• Over $15M in mortgage deals financed
• Improved workflow based on feedback
• Adding full mortgage application and Ontario compliance documents