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Technological advancements combined with customer expectations are altering the way the financial sector works, particularly lending services.
According to a report by Research & Markets, digital lenders may capture nearly half of the total lending market and disburse loans worth $350B (approx €310B) by 2023.
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Digital lenders are poised to capitalise on the positive global sentiment that consumers and investors have towards fintech. And one such company is Riverbank.
Digitised loan process
Riverbank, a Luxembourg-based fintech company, announced that it has launched a fully digital loan application for advisors and intermediaries in the professional real estate sector.
Riverbank termed this digital proposition as ‘funnel’ and claims it is much faster than traditional application processes and offers tailor-made solutions.
The funnel process is designed for advisors representing their clients in the professional real estate sector, including real estate project developers, SME companies with real estate backgrounds, or individuals.
With this platform, advisors can apply for loans between €750K and €5M with a maturity range of one to seven years.
The company also grants applicants access to an extensive set of loans in terms of variety, from regular real estate loans to bridge loans, including refurbishment and (re)development of properties.
Since it is digital, an applicant can check his progress and edit each input before final submission.
Robin Rinkes, Executive Committee member and Head of Origination at RiverBank, says, “We’re delighted to launch this digital application process, as we think we can truly help our partners with faster and more tailor-made financing services. Our mission is to be the digital bank that makes financing to SMEs and real estate professionals easy. This is exactly what the funnel does.”
The digital proposition is now live in Belgium, France, Germany, Luxemburg, and The Netherlands.
Riverbank: What you need to know
Founded in 2017, RiverBank is a specialised fintech lender committed to providing funds to small and medium business enterprises.
The company aims to make financing easy for SMEs and real estate professionals in Europe. The company operates under a full and universal European Banking Licence, delivering a one-stop-shop approach in the entire EU.
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