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Proptech company Finloop targets Europe’s debt market

[Photo: Clay Leconey/Unsplash]

Thomas Schneider, a co-founder of proptech company Brickvest, sold to Patrizia in early 2020, and Nicol Lux one of the authors of the City Business School Real Estate Lending Report, have launched a new proptech company, Finloop.

Finloop’s aim is to provide software solutions aimed at the commercial real estate debt market. The company is headquarted in Zurich with offices in London, Berlin, and Barcelona. Its first product is an integrated software solution for securing, managing and closing commercial property loans.

The software package is an Oracle SaaS-based technology platform aimed at business-to-business property lenders and investors. Its intention is to save costs and time through digitalisation.

Finloop cofounder Thomas Schneider said: “We believe that the real estate industry was missing one integrated software platform that provides not only a marketplace but also a loan management tool.”

“We are now inviting the institutional investment and lending community to the platform.”

Dr Nicole Lux

FinLoop explained that its platform technology gives clients access to an extensive lender database and will optimise the debt transaction process including negotiation, closing, and managing loans. It offers lenders and borrowers communication tools, dataroom and long-term data storage to highest regulatory standards in one software package.

The firm said that its technology is built to suit the specific lending requirements of all pan-European institutions and fulfils the highest European banking standards.

Lux, who works closely with the Bank of England and industry groups, such as CREFC and the BPF and has worked at Citi Group and Deutsche Bank, said: “FinLoop has successfully been undergoing its beta phase with key investment managers and lenders. We are now inviting the institutional investment and lending community to the platform.”