Proptech IMMO hires Hima Mandali as new CTO

Residential investment platform IMMO has hired Hima Mandali as its new chief technology officer (CTO).

IMMO hires Hima Mandali as new CTO

In the newly created role, Mandali will be responsible for scaling and developing the proptech’s platform and products as well as ensuring consistency of standards.

IMMO uses proprietary technology powered by artificial intelligence to identify, acquire and refurbish existing homes before renting and managing them using IMMO’s consumer tech platform.

The firm raised $75 million in a Series B round in April and plans to spend £2.5 billion acquiring and retrofitting more than 10,000 homes across the UK, Germany, Spain and the EU to rent out under its living-as-a-service model.

Mandali joins from banking-as-a-service (BaaS) platform Solaris (formerly Solarisbank), where he was responsible for migrating the firm’s systems, products and databases to the cloud.

Prior to Solaris, Mandali spent 12 years at CapitalOne, where he most recently held the role of director of software engineering.

IMMO’s new CTO says: “Key to my role will be instilling a ‘platform-over-product’ mindset that sees our technical teams thinking how to not just solve one particular pain point, but how to modernise housing markets to the benefit of consumers.”