The FinTech Impact Report: Working through the world’s to-do list #FinTechforPlace 01 | ENABLING HOUSING, 5% of the UK’s FinTechs have The number of households a direct positive impact on facing eviction in the private sustainable cities and rented sector is at its INFRASTRUCTURE & MOBILITY 64 65 communities in the UK. highest in 8 years. Traditional finance has a significant positive impact on housing and infrastructure through the provision of mortgages. In the assessment against the SDGs, the impact of FinTech on housing is a mixed story. The related Clean Mobility Transition: A digital financing platform, Zeti connects operators of business activities are more service- and platform-led than business-critical vehicle fleets transitioning to clean transport with institutional pure financing, and the positive benefits to homebuyers of funders. Zeti's technology enables flexible risk-adjusted finance and value-added data services to both lenders and borrowers. Zeti pioneered a low-cost pay-per-mile accessible, mobile-friendly digital mortgages are somewhat model to transition $40m of fleets to electric vehicles, saving ~7 million kg of CO2 in offset by their reduced affordability. This is because the the process. more accessible digital services facilitate greater market Simplified Home Buying: Koodoo has taken mortgages digital, streamlining the access, causing an upward pressure on purchase prices. search and application processes to make it quicker for customers to purchase or refinance a home. Koodoo enables mortgage providers to surface the right products to borrowers via comparison sites, and allows customers to apply directly FinTechs have been at the forefront of enabling greater to lenders, or speak to a broker if they need more support in the process. mobility in UK cities by partnering with transport providers for seamless payments and loyalty schemes. Over ten years on since the significant step forward in contactless payments that Transport for London (TFL) facilitated, app-based micro-transport providers of carpools, bikes and scooters has proliferated embedded payments in recent years. 36