NewAlpha Asset Management, through its venture-capital fund dedicated to Fintech, is making its eleventh investment and is supporting the digital brokerage start-up in mortgage lending to accelerate its growth in France.
HelloPrêt, a fast growing Fintech start-up
With its 100% free service that combines the expertise of a specialist broker with the ergonomics of a digital app, HelloPrêt is one of the French leaders in the digital brokerage market.
For the individual client, no need to run from bank to bank, a few clicks followed by the support of a dedicated expert to obtain a tailor-made financing. The tools developed by HelloPrêt, boosted by artificial intelligence, offer the possibility to each borrower to access the best financing conditions of the market, adapted to their profile.
For the broker, the alliance of business expertise and digital specialists can automate the most time-consuming tasks, to focus 100% on customer support and negotiation of financing conditions with banking partners .
HelloPrêt already has the largest network of partner banks in the Île-de-France market and has already processed several hundred million euros of real estate financing for its customers, everywhere in France.
Strengthen its teams and coverage of the French market
With the support of NewAlpha, HelloPrêt now expects to accelerate its growth and development to become the leader in digital brokerage in France. To reinforce its commercial network, the start-up wants to expand its teams by hiring more than 50 brokers on permanent contracts over 3 years. Technologically, the contribution of a dozen engineers will optimize the digital experience, the customer journey and the back-end technology platform.
In the medium term, HelloPrêt teams are already working on creating an open platform and an API allowing banking partners to access live client files to optimize the quality and processing time of transactions.
In a market in transformation, HelloPrêt thus intends to become the trusted third of its customers, the privileged intermediary of credit agencies, but also the partner of real estate agencies and other players in the market.
Many other projects are also underway to bring brokers, borrowers and partners the latest advances in artificial intelligence and technology. Improvements that will make the mortgage faster, simpler and more transparent.
Additional specialized investors
"In a rapidly changing competitive environment, we need to provide a tailored and clear response to the borrowers' requirement (get the best online rate, anywhere in France, in record time, negotiate credit options tailored to each personal situation.) The arrival of NewAlpha, a specialist investor in FinTech, allows us to benefit from its industrial expertise and network to accelerate our development," says Olivier Jourdan, CEO at HelloPrêt.
"The association of mortgage brokerage professionals and digital experts has allowed HelloPrêt to obtain already impressive results. The proposed solution allows banking players to develop inclusive access to credit and actively contributes to the fluidification of real estate transactions. Several synergies are already being studied with the ecosystem we have developed since the launch of our FinTech fund in 2015. ", adds Lior Derhy, Managing Partner at NewAlpha Asset Management.