Zurich-based fintech Oper has raised €500K in a pre-seed funding round. The round was participated in by Barclays and Pitchdrive, as well as three angel investors, and will be used to scale up the startup’s solution across Europe.
Digitalisation is a huge trend currently across all sectors, with the current COVID-19 crisis has reinforced further the need for digital banking processes. Consumers expect quick turnarounds and transparency in decision-making processes, all from the comfort of their own homes. Traditional banks are competing with online ones, and all are looking for ways to accelerate adoption of cloud-based SaaS solutions to meet changing consumer needs.
Oper, founded in 2018, describes itself as a launch pad for digital credit products. Their main customers are credit providers, who they help to launch digital credit products in a matter of days, using ‘out-of-the-box’ modules. They also provide their customers with integrations with functionalities from their Fintech partner app store.
So far, the startup has already digitized the mortgage processes of lenders in three European countries, having helped an Austrian bank to reduce their credit decision processing time from days to minutes.
The fresh funds raised will be used to build up the team from its already solid number of 10+, further the solution’s product development, and expand across more countries in Europe.
