The FinTech Report Podcast: Episode 34: Mark Macduffie, Founder, Downsizer

Downsizer radically changing property market for Gen X and Boomers

Downsizer is a digital home-buying experience unlike any other! With Downsizer, anyone with sufficient equity in their current home can purchase a new dwelling with zero cash deposit.

Downsizer has raised $3.75 million seed capital to accelerate the growth of its SaaS platform operating at the intersections of fintech, proptech and insurtech.

Downsizer is helping property developers, real estate agents, financial advisors, mortgage brokers and lenders, and insurance brokers and underwriters engage with Baby Boomers and Gen Xers over 50.

The platform provides digital content and market insights for lead generation. It also has a national property marketplace where developers can list off-the-plan properties and access a real-time sales dashboard.

For older owner-occupiers – who may not pass a traditional credit assessment – a Deposit Power Downsizer Bond simplifies the home moving process so that downsizers don’t have to raid their savings or superannuation, or sell their home, to exchange contracts. The bond is also available to investors, including Self-Managed Superannuation Funds.

Downsizer co-founder and managing director Mark Macduffie said the company aimed to help downsizers move so that they could “stop worrying and start living”.

In this podcast, Mark discusses the product, the partners they work with, the target market, fundraising, building the team, and international expansion plans.

Listen to the episode here.