PropTech platform Oper, which enables digital mortgages, has collected €11m in its Series A funding round.
Bessemer Venture Partners and ABN AMRO Ventures served as the lead investors to the round.
With the funds, the company plans to bolster its R&D and recruitment efforts. It will also look to grow in France, Germany, Austria, Czech Republic and Slovakia.
Oper was founded in 2018 by three Belgian entrepreneurs with backgrounds across lending and digital engineering – Geert Van Kerckhoven, Nick Van Berckelaer and Wouter Lachat.
It offers a white-label SaaS solution for banks and financial institutions in the mortgage lending space.
Its platform continually evolves by using compliant smart data, helping them keep ahead of industry changes.
The company has closed around €1bn of mortgage loans and in the last year has seen its monthly recurring revenue increase eightfold.
Oper co-founder and CTO Nick Van Berckelaer said, “We’re growing and we’re growing fast, and we couldn’t have done it without the amazing team we’re building across Europe. In fact, we wouldn’t have secured this funding if it wasn’t for every single person who works with us and we’re incredibly thankful for their time and efforts.
“There’s no doubt we’ll be hiring even more in the future to help us grow our loan book, client-base and ultimately our revenue. We have huge ambitions and need the right people to help us achieve them!”
The PropTech company previously raised €2.5m in its seed round, which was backed by Techstars, Pitchdrive and Verve Ventures.
Another PropTech company to close funding this year is Tomo. The company claims to make the mortgage process less stressful and closed a $40m Series A in March.
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