Velox Finance has decided to offer alternative financing for SMEs in the residential sector, an act that can revolutionize the national real estate market. Specifically, it will facilitate loans from 750,000 euros to five million euros.
The Spanish fintech offers a fully digital financing process through its platform using Artificial Intelligence to grant loans in 21 days, through an accessible and agile process.
This innovative technology incorporates a sophisticated software patented and developed by Velox Finance that allows the SME requesting the loan send all the necessary information digitally, quickly and easily. Thanks to Artificial Intelligence, big data and its own analysis and valuation software, Velox Finance carries out a complete risk study in a matter of minutes, this allows real estate companies to obtain financing conditions quickly and easily, in a efficient and transparent process.
In the words of María Pérez del Valle, director of Velox Finance in Spain, “Financing is a key element for the development of the business fabric of our country. In the current context where debt markets are almost closed and financing costs are increasing, it is necessary to offer a differential alternative. Velox Finance offers an innovative model that supports the growth of companies by providing quick and easy financing for their projects”.
Velox Finance will grant loans backed by residential projects in large Spanish cities for the financing of promotions, renovation of buildings and purchase of urbanized land. Loans have amortization structure bulletwith terms of between 12 and 36 months, and conditions in line with the alternative financing market.
This Spanish Fintech has the support of strategic partners such as Frux Capital, which has advised different investment vehicles since 2015 and today has more than 500 million euros of assets under management and available capital. In addition, it has a management team with a combined experience of more than 50 years in the field of alternative real estate financing in Spain and Portugal.
Taking advantage of the celebration of The District 2022 in Barcelona, the Spanish summit of international Real Estate scope, Velox Finance has disclosed the keys to its innovative proposal to its target audience, SMEs, who have enthusiastically welcomed the project.