Spain
Lucas is a financial services and real estate startup based in Spain, founded in 2019. The company's slogan "Lucas offers a Rent to Buy model for millennials to invest part of their rent towards property ownership" encapsulates its innovative approach. Lucas has introduced a Rent to Buy system aimed at making homeownership achievable for millennials. The service includes a fractional ownership feature, enabling clients to invest only 5% of the property value, while Lucas provides the remaining 95%. This unique approach allows urban residents to invest in the flat of their choice by allocating a portion of their rent to credits for equity, thereby increasing their initial investment.
One of the most compelling aspects of Lucas' model is its ability to cater to millennials' desire for flexible lifestyles. By providing the benefits of both renting and owning without pressuring clients to exercise the option to purchase, Lucas creates an inclusive path to homeownership. Moreover, the exclusive option to buy the property at a predetermined price within three to five years adds further appeal to the offering.
Notably, the company secured a €450.00K Pre Seed Round investment on 30 January 2020, indicating early investor interest in its innovative approach. While the investors behind this round are not specified, the injection of funds at this stage reflects confidence in Lucas' potential to disrupt the real estate and financial services industries.
