The Times Australia
News From Asia

.
Times Media

.

FinTech Startup PropCap Poised to Alternative for Professional Investors with Asia’s First AI-Powered Mortgage Match-Lending Platform

HONG KONG SAR - Media OutReach - 18 August 2022 - PropCap Technologies Limited (PropCap), an award-winning FinTech startup incubated by Cyberport Hong Kong, today announced its strategic expansion plan to Japan, Australia and the Greater Bay Area (GBA) of China, further strengthening its bridging role in the global property investment business for overseas property buyers (buyers) and mortgage funders.

The company is also having an active promotion of mortgage funder's role with a growing number of investors whose appetite for more diversified investment models is on the rise.


Founded in 2019 by a team of veterans from the investment banking, IT and legal industries, PropCap is the first cross-border mortgage match-lending platform in Asia.

In the UK, Japan and Australia, the traditionally popular destinations for real estate investments, PropCap is expanding its reach of mortgage funders while helping overseas property buyers who face obstacles in mortgage applications.

The company enables easier and smarter global property mortgages for buyers, while offering favourable investment alternatives for professional investors (mortgage funders verified by PropCap) who seek to diversify their portfolios with more stable and relatively higher returns at a lower risk, enabled by its AI-powered lending and analytics platform. The birth of PropCap well fills the gap under the backdrop of a slowing global economy and political turmoils, where investors are eagerly navigating their ways to best allocate funds for more stable returns with lowered risks.

Securities of Mortgage Funders

To date, PropCap has processed a total of 15 cross-border mortgage deals valued over US$5 million for mortgage funders and borrowers since March 2021, when PropCap's product and technology innovation was officially finalised and introduced to the market. The average interest return for mortgage funders is 7.5% p.a., and the average return period is 21-month.

A growing number of professional investors start to eye on this alternative investment tool to become mortgage funders because of the relatively more stable property market condition, lower threshold than direct property investment, and higher returns than renting. In addition, PropCap lowers the risk for mortgage funders with its collateral policy and stringent compliance standard in multiple jurisdictions, as well as its innovative technology that offers transparent know your customer (KYC) procedures and real-time property valuation. PropCap also works closely with an extensive overseas partner network to ensure first-hand local insights and smooth project delivery, ranging from solicitor firms such as Healys LLP and Carter Lemon Camerons LLP, property agencies such as CBRE, to letting agencies like Complete RPI.

Future Market Expansion

Neo Cheung, Co-founder and CEO of PropCap, shares his views about the company's strategic expansion plan, "PropCap selects and targets operating markets geostrategically. We have built solid grounds of mortgage financing solutions for borrowers who invest in the UK and Japan property markets. The latest strategic expansion in Japan, development in local business, and initiation of mortgage markets exploration in Australia and the Greater Bay Area marks the company's maturing and strengthened two-way business model that is poised to broaden mortgage funders' investment alternatives."

Due to current epidemic, China's economic growth slowed and reduced investment return has impacted more Chinese investors to consider investing in overseas properties. PropCap aims to fulfils mortgage needs and become the preferred gateway for Chinese overseas property buyers.

In April 2022, PropCap successfully joined the Greater Bay Area Cross-border Data Mutual Recognition Platform, which is primarily operated by Nova Credit, a consumer credit bureau that connects consumers and lenders with data and analytics. Participation in the Platform enables PropCap to conduct more effective and trustworthy KYC procedures towards mainland Chinese customers.

Leading in Overseas Property Mortgage

Where PropCap is specialised in - a niche model that bridges and connects mortage funders and buyers, there is no direct or similar player readily available for the solutions and services provided by this FinTech startup who had recently been awarded the "Top 100 of Jumpstarter 2022" by Alibaba Entrepreneurs Fund, world's largest startup contest.

According to a recent paper jointly issued by the Alternative Investment Management Association and PwC, the growth of private credit globally presents a significant opportunity for Hong Kong. Furthermore, the city's proximity to mainland China and the increasing receptiveness from both regulators and traditional investors are important stimulus to technological innovation for the private credit sector, which will significantly accelerate PropCap's growth and global expansion.

Hashtag: #PropCap #HKStartUp #FinTech #AlternativeInvestment #OverseasPropertyMortgage

The Times Features

Joykids Australia Presents the Joykids Family Rave: A Weekend Adventure Like No Other

Get ready to kick off the first day of summer and the festive season with an unforgettable family adventure! Joykids Australia is excited to announce the Joykids Family Rave—an...

New study suggests weight loss drugs like Ozempic could help with knee pain. Here’s why there may be a link

The drug semaglutide, commonly known by the brand names Ozempic or Wegovy, was originally developed[1] to help people with type 2 diabetes manage their blood sugar levels. How...

Maintaining Your Pool After a Marble Interior Upgrade

After upgrading your pool with a marble interior, it’s crucial to understand that maintenance is key to preserving its elegance and longevity. You’ll want to regularly skim for d...

Labor using explanatory document to hide true powers of Misinformation Bill

The opinions and commentary of individuals could be deemed misinformation under Labor’s proposed legislation changes, according to James McComish of Victorian Bar. Appearing in...

Hotel Indigo launches limited-edition candle collection inspired by local neighbourhoods across ANZ

Hotel Indigo, part of IHG Hotels & Resorts' luxury and lifestyle portfolio, is releasing a limited-edition candle collection inspired by the unique neighbourhoods its hotel...

Kyndryl ANZ appoints new Head of Strategic Partnerships and Alliances

Former Head of Marketing to lead and grow Kyndryl’s local channel ecosystem and bolster technological capabilities Kyndryl has strengthened its local leadership team with the ...

Times Magazine

Chemical Bunds and its needs

If you have a business that involves water and wastewater treatment, banding could be an essential element to prevent leaking store chemicals and protecting the environment. The guidance you would get on bunding chemical manufacturing or in petro...

Top Tips to Choose the Right Screen Repair for iPhone Service

Screen repair for iPhone is an essential service for anyone who owns an Apple device. Cracked screens, broken LCDs, and other display issues can all be addressed with the help of a qualified technician. Apple's official warranty only covers some ty...

Property app Instarent

Property self-management soars during COVID lockdown The innovative PropTech app, Instarent, has seen exponential growth during the COVID -19 lockdown, reporting a 400 per cent increase in users during March/April 2020. These figures indicate ...

Environmental Benefits of Split System Air Conditioning

The split device air conditioner has numerous benefits for the environment. Energy performance is a design characteristic of these gadgets. When as compared to standard techniques, they use much less power. Reduced energy use consequences in smal...

7 Digital Marketing Strategies To Factor Into Your Wider Online Campaign

While the modern digital marketplace is becoming ever more competitive, the good news is that there are countless ways in which you can market your brand, find your audience, and cut through all of the noise. And the best part? A large number of bu...

The Top 5 Best Self-Employed Delivery Driver Jobs for Independent Workers in Australia

In recent years, Australia's sprawling urban landscapes and growing digital consumer trends have witnessed an explosion of opportunities for self-employed delivery drivers. Independent workers now have various platforms to choose from, each offer...