Properati, an online platform for buying and selling real estate in Latin America will receive an investment from AS Big Data Scoring - a company that specializes in credit decisions management and big data.
Based in Buenos Aires, Argentina, the real estate search site Properati announced it has secured investment from Big Data Scoring, the leading big data credit scoring provider globally. The Real Estate portal, which has accumulated USD$5M in funding from various investor groups, will use these resources to boost the launch of Credirati in Argentina, a new service for users to choose online, at Properati, the mortgage loan that best suits their needs.
Erki Kert, CEO of Big Data Scoring, said: "We are proud to begin working with Properati, one of the most interesting technology and finance companies in the region. This collaboration will give Properati access to market-leading Big Data analytics while simultaneously strengthening our company's presence in the region, which translates into a major contribution for the development of both organizations."
In turn, Gabriel Gruber, Properati CEO, highlighted the know-how new investors have on the loan market, which comes at a very convenient time, given the regional context in terms of the real estate market: "Argentina is experiencing a boom in mortgage loans, and Credirati is our cutting-edge technology solution, needed by both users and financial institutions. In addition, throughout 2018, activity is expected to recover in Brazil and to consolidate in Mexico," explained Gruber.
Credirati is the first online mortgage loan platform in Argentina where users can now compare and choose from all mortgage loans in the market in one place. In the coming months, users will also be able to apply online for the loan of their choosing, without having to visit a bank or print a form.
Started at the end of 2012 in Argentina, Properati has commercial offices in Brazil, Chile, and Mexico. The company also has 22 employees and receives 3.2 million visitors a month. This generates 100,000 contracts monthly, as well, and these visitors are all there to search through the 2.1 million properties listed on the site which are offered by more than 10,000 real estate agents and developers throughout the region.
Edited by Victoria Haviland
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