Tagged: real estate

September 30, 2022 @ 5:10 pm By Omar Faridi  |  

The independent venture capital platform for transformative real estate technologies PropTech1 (PT1) is starting fundraising for Fund II. Thanks to the renewed participation of numerous investors from the first fund as well as well-known new investors, the minimum threshold for a first closing totaling €30… Read More

September 15, 2022 @ 5:51 pm By Omar Faridi  |  

Bottomline, a provider of financial technology that makes business payments simple, smart, and secure, recently announced its acquisition of Nexus Systems, a provider of accounts payable (AP) and payments automation software “for the real estate and property management industries.” The Nexus procure-to-pay (P2P) solution “takes… Read More

September 7, 2022 @ 1:40 am By Omar Faridi  |  

Mihkel Stamm, Chief Operating Officer at EstateGuru, recently commented on how his team supports a real estate lending platform with a focus on crowdfunding. Mihkel Stamm explained that they “mediate loans secured by real estate to the international investor community across Europe.” On one side are… Read More

September 6, 2022 @ 6:26 pm By Omar Faridi  |  

Clear Capital, a national real estate valuation technology company, has announced the launch of ClearInsight+, a technology-enabled set of valuation products “to support Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report), a new offering for certain loan types.” Freddie Mac began offering… Read More

September 4, 2022 @ 11:26 am By Omar Faridi  |  

Landa, a real estate investing company, announced a $25 million Series A funding round, “bringing their total equity raised to $33 million with the inclusion of a previously raised $8 million seed round.” The company has also “raised $62 million in debt financing.” Through a… Read More

August 17, 2022 @ 9:47 pm By Omar Faridi  |  

SmartCrowd Holdings, a firm focused on fractional real estate investments, has been issued a Fintech experimental license by the Saudi Capital Markets Authority (CMA). SmartCrowd is now focused on following through with business requirements for the launch of its Real Estate Funds Distribution Platform, making… Read More

August 14, 2022 @ 11:41 am By Omar Faridi  |  

CapitalRise has reportedly acquired another funding line, which the firm states should allow it to take on a larger number of projects based in London as well as Home Counties. The UK-based prime property lender noted that the agreement has been made with a prominent… Read More

August 9, 2022 @ 7:08 am By Omar Faridi  |  

CubiCasa, a real estate software firm with head offices in Oulu, Finland, will now be providing a free floor plan option for its mobile floor plan scanning technology in the United States, “available on the App Store and Google Play Store.” Thanks to recent advances… Read More

August 9, 2022 @ 12:32 am By Omar Faridi  |  

PeerBerry’s business partner – real estate developer SIB Group – has successfully “closed the residential building project Mo Garden in Vilnius,” the capital of Lithuania. The real estate loan of EUR 1 million, “plus an interest rate of EUR 105 438 (total amount of EUR… Read More

August 3, 2022 @ 11:45 am By Omar Faridi  |  

UK’s Blend Network, a specialist development finance lender, has reportedly funded a £4 million residential scheme located in Cambridge, which is focused on developing nine apartments that cover an area of 5,457 sq. ft. As reported by Mortgage Introducer, Blend Network’s management noted that the… Read More

July 26, 2022 @ 5:40 pm By Omar Faridi  |  

Nationwide has invested in a rent-to-own start-up “helping first-time buyers unable to access typical mortgages get a home by saving a slice of their rent to build the deposit.” The investment in Kettel Homes forms “part of Britain’s biggest building society’s efforts to help its… Read More

July 23, 2022 @ 9:57 am By Omar Faridi  |  

Security Token Market (STM) has announced that the global market “leader” in US real estate tokenization, RealT, has joined the STM data partnership network. RealT was “launched in 2019 and has built a vibrant and growing investor community of over 9,200 active investors from 135… Read More

July 21, 2022 @ 12:49 pm By Omar Faridi  |  

Residently has secured £4.5 million of funding to finally “bring renting into the modern age.” By digitizing the end-to-end customer experience in a $2 trillion market, Residently will “streamline operations for property owners and renters, reducing costs and delays throughout the full 360 rental experience.”… Read More

July 17, 2022 @ 11:15 pm By Omar Faridi  |  

New research from Bank of London and The Middle East (BLME) reveals pandemic restrictions had “little impact” on real estate investment from Gulf Corporation Council (GCC) countries into the UK. Based on in-depth interviews with experts from real estate services companies holding more than £60… Read More

July 4, 2022 @ 3:49 pm By Omar Faridi  |  

Brazil’s C6 Bank clients can now make 100% free Pix Saque and Pix Troco transactions across the country. The new functionality “allows operations like these to be carried out in commercial establishments and lottery houses, not just at ATMs, making life easier for users.” Maxnaun… Read More

July 2, 2022 @ 2:27 pm By Omar Faridi  |  

Proptech startup Properti has successfully closed a second seed financing round of 6 million Swiss francs. With the fresh capital, Properti is accelerating its growth in Switzerland and “further expanding its proprietary tech platform.” In addition to lead investor Serpentine Ventures, the startup also “convinced… Read More

June 30, 2022 @ 12:36 pm By Omar Faridi  |  

Clear Capital, a national real estate valuation tech firm, has announced the launch of two Application Programming Interfaces (APIs), Property Valuation API and Risk Assessment API. Each API connects directly into existing systems “through a single integration for lenders, investors, and system providers, making it… Read More

June 8, 2022 @ 11:06 pm By Omar Faridi  |  

Inflation is increasing in an unprecedented manner in many developed and developing economies, putting greater pressure on the major reserve banks to raise interest rates. In the United Kingdom, April inflation hit 9%, which is notably a 40-year high and the second highest inflation rate… Read More

June 6, 2022 @ 7:00 am By Omar Faridi  |  

Zump, a professionally designed social network for property (think LinkedIn/Instagram for Real Estate),  has raised 94% (£236,380) of its £250,000 target from 131 investors (at the time of writing) through its crowdfunding campaign via Crowdcube (with  15 days left in the sale). Zump reports a… Read More

May 10, 2022 @ 8:16 am By Omar Faridi  |  

Residently, which is focused on “building the brand” for the world’s $2 trillion long term home rental market, has acquired 161% (£2,015,460) of its £1,250,000 target from 481 investors through its crowdfunding campaign carried out via Seedrs (at the time of writing). Located in London,… Read More