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Our Leg Up logo — Now You Can Turn Your Home Into Extra Income

Our Leg Up

Now You Can Turn Your Home Into Extra Income

Founded 2021 Australia Melbourne, Australia 4 employees Total: $540.00K Financial Services

General Information

Company Name Our Leg Up
Founded Year 2021
Location Australia Melbourne, Australia
Founders / Decision Makers
Team member
Employees 4
Industries Financial Services
Social

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About Our Leg Up

Our Leg Up (OLU) is a financial services startup founded in 2021, headquartered in Australia. The company's slogan, "Now You Can Turn Your Home Into Extra Income," aligns with its core mission of unlocking residential real estate equity to enable banks to offer market-leading home loans with reduced risk and improved margin. OLU's innovative approach addresses a significant opportunity, as Australians hold the majority of their wealth (54%) in real estate equity, surpassing the combined value of the ASX and AU superannuation. The company leverages this vast potential by unlocking real estate equity for partner banks, empowering them to provide more competitive loans to customers while mitigating risk and reducing costs. One of OLU's key value propositions is its ability to enable partner banks to lower borrower deposit requirements to 5%, while still achieving 80% LVR (Loan-to-Value Ratio) with OLU's solution. This not only benefits customers by allowing them to borrow at a lower LVR, potentially saving on interest rates and fees, but also enhances partner banks' margins by reducing risk weighted assets and the cost of capital for securitization/bonds. The recent $350.00K funding round investment in 01 December 2021 underscores the investor interest and confidence in OLU's innovative approach to reshaping the residential real estate equity landscape. As the company continues to make strides in the financial services sector, it presents an intriguing opportunity for venture capital firms looking to invest in disruptive solutions that address pressing market needs while offering significant growth potential.

Business keywords: real estate equity, home loans, investment, banking innovation, risk reduction, mortgage industry, asset-backed securities, wealth inequality, Australia, property investment, homeownership, financial inclusion, market disruption

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Funding Round $350.00K -
01 Dec 2021
Pre Seed Round $190.00K 1
Antler
Antler
24 Nov 2021

Our Leg Up Alternatives & Competitors

View All Alternatives
Our Leg Up vs
Casum Properties
Casum Properties Spain

The smart way to buy a house when you don’t have access to a mortgage

3 employees
Financial Services, Fintech
Our Leg Up vs
RWM Home Loans
RWM Home Loans United States

Empowering our communities to build wealth through financial education and homeownership for over 25...

165 employees
Financial Services, Real Estate
Our Leg Up vs
Chimera Investment Corporation
Chimera Investment Corporation

Investing in the future of real estate with specialized expertise in mortgage loans and securities.

Post-IPO Debt
Finance, Financial Services
View all alternatives

FAQ About Our Leg Up

Now You Can Turn Your Home Into Extra Income
Our Leg Up was founded in 2021.
Our Leg Up is headquartered in Melbourne, Australia.
Our Leg Up operates in Financial Services. Its work centres on real estate equity, home loans, investment and banking innovation.
Our Leg Up has approximately 4 employees.
Our Leg Up has completed 2 funding rounds, raising a total of $540.00K.
Top alternatives and competitors to Our Leg Up include Casum Properties, RWM Home Loans, Chimera Investment Corporation, Moon Mortgage, Beeline. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Our Leg Up and Casum Properties are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Our Leg Up, https://bouncewatch.com/company/our-leg-up, updated 9 November 2024. When citing, please name BounceWatch and link this page.

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