Oper Credits has raised 11 million euros in a Series A financing round. It was led by Bessemer Venture Partners and ABN AMRO Ventures . Existing investors Constructive Venture Fund , Pitchdrive , Kraken Ventures , Techstars and Verve Ventures have also participated.
For Oper, according to a blog article , this round of financing is about “expanding our lead in digital mortgages across Europe. Because the mortgage industry is ready for a gigantic digital leap.”
With the help of intelligent data, Oper wants to simplify the process of mortgage approval, which is complex for everyone involved, as much as possible. The aim is to replace the handing over of paper documents and time-consuming credit checks that applicants often have to go through at several banks. For this, Oper has created a white-label solution that banks can integrate into their existing digital channels. “We are the first provider in this area and are gaining new European banks at a rapid pace,” says Oper.
Oper fits into the strategy of many retail banks in Europe, which are closing branches and increasingly relying on online processes. But when it comes to mortgages, an either/or is not the solution in view of borderline cases that have to be clarified individually: “In our experience, a hybrid strategy will ultimately prevail.”
