Knockaway, Inc.

Based in New York, US, and founded in 2015 by CEO Sean Black, COO Jamie Glenn, and Karan Sakhuja, Knockaway, Inc, aka Knock, operates as a provider of home loan products, enabling individuals to buy, lend and sell their homes. In March 2022, Knockaway, Inc. raised USD 150 million in venture debt funding. The round was part of a larger USD 220 million equity and debt financing.

The company helps individuals to buy, lease, and sell homes. Knock offers solutions like Knock Home Swap, Knock GO, Knock Nest, and Knock Equity Advance. Knock Home Swap helps to get underwritten for a new home loan including a down payment advance of USD 35,000 for up to 6 months. Knock Go helps to get a cash offer on a new home loan, which supports its clients to get their required home.

Knock generates revenue from interest income and loan servicing rights from clients. The company charges USD 1,450 administrative fee for Knock Go solutions, and for Home Swap, it charges a 1. 25% commitment fee on the new home's purchase price, as well as charges fees from buyers for selling client loans in the secondary mortgage market. The company plans to use its proceeds from March 2022 funding to enhance its payments platform, which will be helping customers to finance their homes.