{"id":6000,"date":"2022-09-30T00:52:39","date_gmt":"2022-09-30T00:52:39","guid":{"rendered":"https:\/\/fintechcadence.com\/?p=6000"},"modified":"2022-09-30T01:04:27","modified_gmt":"2022-09-30T01:04:27","slug":"startup-profiles-meet-amy-from-requity","status":"publish","type":"post","link":"https:\/\/fintechcadence.com\/fr\/blog-posts\/startup-profiles-meet-amy-from-requity\/","title":{"rendered":"STARTUP PROFILES: MEET AMY FROM REQUITY HOMES"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"6000\" class=\"elementor elementor-6000\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f46e2b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f46e2b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bc7ff8c\" data-id=\"bc7ff8c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-91a2df5 elementor-widget elementor-widget-text-editor\" data-id=\"91a2df5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Interview between Molly Willats, Head of Program Development for Financial Health at Fintech Cadence and Amy, Founder and CEO at Requity Homes, a current fintech in our IFH Lab 2022 Cohort.<\/p><p><span style=\"font-weight: 400;\">Homeownership is one of the surest ways to build individual and generational wealth, but it is becoming increasingly inaccessible to many Canadians.\u00a0 Whether it\u2019s thin or bad credit preventing you from qualifying for a mortgage, or difficulty saving for a downpayment as the cost of living rises &#8211; many Canadians have the ability to afford mortgage payments, but face barriers to entry that can feel insurmountable. Requity Homes founder Amy Ding\u00a0 is on a mission to open new pathways to homeownership using technology.<\/span><\/p><p><span style=\"font-weight: 400;\">Amy joined us to talk about Requity Homes, the importance of persistence and opportunities in fintech.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b047aa3 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"b047aa3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af8d564 elementor-widget elementor-widget-heading\" data-id=\"af8d564\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><b>Tell us more about Requity Homes and the inspiration behind the idea.<\/b><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-820e8b0 elementor-widget elementor-widget-text-editor\" data-id=\"820e8b0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\">Requity Homes is a tech-enabled rent-to-own real estate company that aims to create a fair and flexible alternative path to homeownership. Through our rent-to-own program, we allow renters to pick a dream home today, build their down payment one month at a time, and buy back the home from us within three years at a guaranteed price.\u00a0<\/span><\/i><\/p><p><i><span style=\"font-weight: 400;\">Home ownership is something that\u2019s close to my heart. I still remember having to move 7 times during my first two years in Canada. That experience just reinforced how important home ownership really is. Rising home prices, stagnating wages, and tightening mortgage requirements have left many unable to achieve their home ownership dreams. About two years ago I saw the opportunity in Canada to help families who could afford the cost of a mortgage, but for whatever reason found themselves unable to get one. That\u2019s when I decided to quit my corporate job and started Requity Homes.<\/span><\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf02c17 elementor-widget elementor-widget-heading\" data-id=\"cf02c17\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><b>The decision to leave a stable corporate job to build a company is a big step that an entrepreneur has to grapple with at some point. What energizes you to pursue your startup even when things aren\u2019t going as planned?<\/b><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c762b8 elementor-widget elementor-widget-text-editor\" data-id=\"1c762b8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\">For me, it\u2019s our mission: helping 10,000 families get into homeownership. I started the company because I felt there was a gap in the market. How we purchase a home hasn\u2019t changed in decades and the default has always been save up then get a mortgage.<\/span><\/i><i><span style=\"font-weight: 400;\"> Unfortunately, for too many families the path to homeownership is no longer as a straightforward as it once was, and I knew there had to be a better way. <\/span><\/i><i><span style=\"font-weight: 400;\">That\u2019s why I started Requity Homes.<\/span><\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a857d21 elementor-blockquote--skin-boxed elementor-blockquote--align-center elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote\" data-id=\"a857d21\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t<b>As an immigrant myself, it blows my mind how difficult it continues to be <br>to access basic financial products in this country.<\/b>\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">Amy Ding<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c3a27ed elementor-widget elementor-widget-heading\" data-id=\"c3a27ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><b>What is one thing you\u2019ve learned so far or taken away since joining IFH Lab?<\/b><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f9ef7c elementor-widget elementor-widget-text-editor\" data-id=\"2f9ef7c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\">I\u2019ve learned so much from the cohort! We\u2019re all working on really interesting problems that have consumers at the heart of everything. Across the banking and financial ecosystem, you\u2019re finding similar friction points that are leaving many Canadians and newcomers underserved. What struck me going through the program was the similarities of some of the problems we\u2019re trying to solve. Even though one company could be focused on credit, another on savings, ourselves on homeownership, they all highlighted opportunities that the current Canadian marketplace fails to address and that\u2019s really exciting.\u00a0<\/span><\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f8e7ec elementor-widget elementor-widget-heading\" data-id=\"7f8e7ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><b>Speaking of these gaps or opportunities that the marketplace is currently failing to address, what is one change you would like to see in your industry?<\/b><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67bef32 elementor-widget elementor-widget-text-editor\" data-id=\"67bef32\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\">I really think there needs to be more products directed at newcomers. As an immigrant myself, it blows my mind how difficult it continues to be to access basic financial products in this country. <\/span><\/i><i><span style=\"font-weight: 400;\">Moving countries takes so much courage and resilience. We should be empowering these families as they navigate this chapter of their lives, not create unnecessary friction points.<\/span><\/i><i><span style=\"font-weight: 400;\"> More efforts need to be made to bridge the gap in the quality and cost products and services. <\/span><\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-178f0e8 elementor-widget elementor-widget-heading\" data-id=\"178f0e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><b>What advice would you give to someone who is thinking about starting their own startup?<\/b><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ebfe28d elementor-widget elementor-widget-text-editor\" data-id=\"ebfe28d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\">Just do it. I think the pandemic has helped a lot of people focus on what\u2019s really important to them. There\u2019s no better time than the present to get started, and while I don\u2019t think you necessarily need to jump in right away and quit your job and go at it full time, you can always start setting yourself up for that goal. If you don\u2019t have enough saved up to take that leap yet, figure out how much you need and plan backwards towards an end date. Figure out what steps you can take now that\u2019ll help out later.<\/span><\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-26427d2 elementor-widget elementor-widget-heading\" data-id=\"26427d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><b>I think that\u2019s great advice - sometimes it can feel like entrepreneurship needs to be all or nothing, but it\u2019s ok to take it one step at a time. And what is the best career advice you\u2019ve received?<\/b><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38ed037 elementor-widget elementor-widget-text-editor\" data-id=\"38ed037\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\">Be persistent. One thing I\u2019ve found is a lot of focus is placed on innate talent, when in reality persistence trumps talent most of the time. <\/span><\/i><i><span style=\"font-weight: 400;\">While talent might open opportunities for you, having the drive to execute and run with things differentiates good from great.<\/span><\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-164f580 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"164f580\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a1ba704\" data-id=\"a1ba704\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Interview between Molly Willats, Head of Program Development for Financial Health at Fintech Cadence and Amy, Founder and CEO at Requity Homes, a current fintech in our IFH Lab 2022 Cohort. Homeownership is one of the surest ways to build individual and generational wealth, but it is becoming increasingly inaccessible to many Canadians.&nbsp; Whether it\u2019s [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":6012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[24,1],"tags":[],"class_list":["post-6000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-posts","category-fc-blogs-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>STARTUP PROFILES: MEET AMY FROM REQUITY HOMES - Fintech Cadence | Canada&#039;s Fintech Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fintechcadence.com\/fr\/blog-posts\/startup-profiles-meet-amy-from-requity\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STARTUP PROFILES: MEET AMY FROM REQUITY HOMES - Fintech Cadence | Canada&#039;s Fintech Hub\" \/>\n<meta property=\"og:description\" content=\"Interview between Molly Willats, Head of Program Development for Financial Health at Fintech Cadence and Amy, Founder and CEO at Requity Homes, a current fintech in our IFH Lab 2022 Cohort. 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