Property technology company OneDome is preparing to enter an English-speaking market this year following significant expansion that has seen its workforce grow from 65 employees to between 270 and 300 in under 18 months.
Founder and CEO Babek Ismayil confirmed the company’s international plans, stating that further expansion into additional countries is being considered as part of a longer-term strategy.
Funding and financial performance
The announcement follows OneDome’s recent $25 million funding round, which brought total capital raised to $40 million. The company also secured a £7.5 million media-for-equity partnership with Channel 4 Ventures in October.
According to the company, revenues have increased by 4,000% over the past three years. OneDome currently processes over £1 billion in mortgage lending monthly, representing approximately 4% of the UK market. The firm has stated it aims to reach 10% market share within one to two years.
Acquisition strategy
In 2024, OneDome acquired Albany Park, a mortgage advisory firm, and the Coreco Group, a mortgage broking business. Ismayil told The Negotiator that additional acquisitions are planned, with potential targets identified in both the mortgage and legal sectors.
Ismayil commented on the UK property market’s characteristics, stating: “We have the tightest, lowest profitability margins or gross profit margins, I wouldn’t say in the world because I don’t know every country, but certainly in the Western World.”
The company’s expansion comes as proptech firms continue to consolidate market share in the UK’s mortgage and homebuying sectors, with technology-driven platforms seeking to capture larger portions of the traditional estate agency and financial services markets.
