Contact

TRIOTECA RAISES €1M IN ITS FIRST ROUND OF FUNDING


, ,
Integral service around a transaction
BY : Diego GutiérrezOctober Wed, 2019

Trioteca, a Catalan start-up that offers digital services for taking out a mortgage, has just closed its first €1m round to consolidate its growth in the mortgage sector and expand its portfolio of services.

Since 1 June, the signing of a mortgage loan in Spain has changed considerably. Individuals, whether consumers or not, will see their rights improve and will assume some additional obligations when mortgaging a residential property.

That is why, Trioteca was born in January 2018 with the aim of helping people understand everything they sign and make the best decision, and basing its service on provide users with a mortgage comparatorThe average consumer is provided with transparent information and an accompanying process after the signing of the mortgage.

The company's business is supported by the commission they get from the 37 banks The customer does not have to bear any additional costs. 

To reach this point, the firm has three levels of attention:

  • Information accessible from its website
  • A bot that answers basic questions addressed to it by the user.
  • The personalised attention of a professional on the other end of the phone. 

It is also a company with two added values:

  • Quality human interaction
  • The speed of the process.

Currently, Trioteca has more than 1,000 consumers who have either already signed a mortgage or are negotiating with the bank the conditions for it.

Recently, it has been able to lift 1M€ in what has been its first financing round. An operation that has involved the participation of Lanai Partners, y Arnalbut also with Business Angels from various sectors.

The objectives of this capital injection are to consolidate its technological strength and capacity and to reinforce its media capacity.

OTHER ROUNDS IN THE SECTOR

FINTONIC

Fintonic has closed a new financing round with an investment of €19 million, after which the company will have a total value of €160 million. The transaction was led by ING VenturesThe company has also had the backing of other major shareholders such as the PSN group.

This is the Spain's leading personal finance applicationThe new system, which allows its users to better control their finances, meet their financing needs and make savings.

It is not only present in Spain, but also in Chile, where it has established itself as the leading finance app. In addition, it has just landed successfully in Mexico, opening offices in the country recently.

BBVA

The Banco Bilbao Vizcaya Argentaria (BBVA), the second more bank from Spainhas closed a loan using blockchain 150M€ with the more European car distributor Porsche Holding.

This transaction is the company's first blockchain lending transaction with a non-Spanish borrower.

Back in April, BBVA unveiled that it had become the first global bank to carry out an entire lending process using the blockchain, again in a partially private and partially public configuration.

Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?

M&A NEWS
INDUSTRIAL REPORTS
closearrow-circle-o-downchevron-downcrossmenu