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§ Private Profile · 253 Elizabeth St, New York City, New York, 10012, United States
Fintech platform for first-time homebuyers. Digital savings & FHSA accounts with competitive APY, rewards, and homebuying education.
Based in New York City, Foyer operates a digital financial platform that provides specialized savings accounts and educational resources for first-time homebuyers in the United States. The fintech company offers a First Time Homebuyer Savings Account featuring a competitive 4.05% annual percentage yield, up to a 5% rewards match on user contributions, and potential state tax benefits across ten states. Operating with a team of fewer than 25 employees, the platform recently expanded its reach to all fifty states and grew its user base fifteenfold year-over-year to surpass 13,000 active accountholders by the end of December 2024. In January 2025, the enterprise secured $6.2 million in seed funding through a financing round led by Alpaca VC and Hometeam Ventures, with additional participation from Accion Venture Lab and Clocktower Ventures. Foyer was founded in 2022 by Landy Liu.
Foyer has raised $6.0M across 1 funding round.
Key people at Foyer.
Foyer has raised $6.0M in total across 1 funding round.
Foyer has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Seed in January 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2025 | $6M Seed | Alpaca VC | Accion Venture LAB, Brick & Mortar Ventures, Austin Ogilvie | Announced |
Foyer has raised $6.0M in total across 1 funding round.
Foyer's investors include Alpaca VC, Accion Venture Lab, Brick & Mortar Ventures, Austin Ogilvie.
Key people at Foyer.
Foyer (likely Foyer Technology Pvt Ltd) is a bootstrapped enterprise services company based in Chennai, Tamil Nadu, India, specializing in customized software solutions including software testing, application development, and product development.[2][3][4][5] Founded to empower small and medium-sized businesses (SMBs) with technology that drives growth and efficiency, it serves the IT services and consulting sector, generating around $5 million in revenue with a small team of 6-28 employees.[3][4] Unlike PropTech-focused entities sharing the name, this Foyer emphasizes scalable software for business operations, focusing on SMBs struggling with tech adoption.[5]
Foyer Technology was founded in 2011 in Chennai, India, as a bootstrapped venture in the enterprise services space.[4][5] The founders, drawing from their expertise in software development, identified a gap for SMBs facing rapid technological changes and created tailored solutions to enhance efficiency and growth.[5] Early focus centered on customized software testing and application development, evolving into a compact operation with steady web traffic and a lean team of about 7 employees as of recent data.[4] No specific founder names are detailed in available sources, but the company's human-centric approach stems from supporting underserved businesses.[5]
(Note: Search results highlight potential name overlaps with a 2019 PropTech Foyer in Connecticut using AI for real estate[1] and a 2015 retail tech Foyer in Australia; this profile centers on the Indian enterprise services entity as the primary match for "technology company.")
Foyer rides the wave of India's booming IT services sector, where demand for affordable, customized software surges amid digital transformation for SMBs—a market projected to grow as enterprises digitize post-pandemic.[2][3] Timing aligns with SMBs' need for efficient tools amid economic pressures, positioning Foyer to capture niche demand in software testing and development where global giants overlook smaller clients.[5] It influences the ecosystem by enabling SMB scalability in Chennai's tech hub, fostering local innovation without VC dependency, though its small scale limits broader disruption compared to funded peers.[4]
Foyer is poised for steady expansion by deepening SMB penetration in India's digital economy, potentially scaling via partnerships or niche AI integrations in testing tools. Trends like remote work and low-code platforms will amplify its relevance, evolving its influence from local enabler to regional player in bootstrapped tech services—reinforcing its core mission of democratizing tech for growth-stage businesses.[5]
