Fintech Startup finbryte Raises $1.5 M to Expand its Digital Mortgage Business

Fintech startup finbryte has successfully secured $1.5 million in funding to expand its digital mortgage solutions business. Notably, finbryte has already developed mortgage origination platforms for prominent institutions such as Bulgaria's largest mortgage lender, Banka DSK (owned by Hungary's OTP), and Belgium's KBC United Bulgarian Bank. The company is now set on establishing partnerships across the European market.

Deyan Spasov, CEO of finbryte, shared his insights, stating, "Mortgage origination through digital channels is on the verge of exponential growth in Europe over the next few years. However, our research highlights that many European markets still heavily rely on legacy software which can provide only limited automation. This is why finbryte has diligently invested resources in crafting a white-label flexible platform to enhance the efficiency of loan officers and mortgage brokers."

The company's digital mortgage platform recently earned the prestigious Seal of Excellence from the European Innovation Council which is how it got itself the finance backing of $1.5 million. The Seal of Excellence is a quality label recognizing the project's high impact, quality and efficiency of implementation. "This achievement is a great merit for our efforts to provide a powerful digital tool with tons of helpful features and contemporary structure", Spasov added.

The platform enables seamless integration of email and messaging applications, allowing all communication with clients to be managed from a single, centralized location. It also plays a crucial role in digital marketing campaigns through its unique Referral Management Process for each mortgage broker. Additionally, lead generation, results, and sales conversion rates are automatically calculated and can be easily analyzed by team leaders.

finbryte.com
office@finbryte.com
15-17 Tintyava str.,
Sofia 1113
Bulgaria

finbryte develops a white-label mortgage origination platform for loan officers and mortgage brokers

This release was published on openPR.