Homebase, a startup out of Y Combinator & Antler, aims to provide an alternative financing option for prospective home buyers in Vietnam. The company acts as a co-investor, buying a share of the property with customers who can later buy equity from Homebase or sell the property for their share of the proceeds. In the meantime, buyers pay rent to Homebase according to the company's stake in the property. Homebase's model is similar to Divvy Homes and ZeroDown in the US. The company focuses on Vietnam due to the high percentage of unbanked adults, which makes it difficult for them to apply for mortgages. Homebase plans to expand into Hanoi and Danang, and ultimately enter other Southeast Asian markets. The company finances its stake in properties by working with third-party financial institutions and performs due diligence on potential properties to ensure aligned incentives with buyers. Homebase is backed by leading investors and partners around the world (YC, Goodwater Capital, Partech Ventures, etc), with the most recent $30M round of equity and debt funding announced in 2021.