News Report

The European fintech company Proportunity is set to raise funds via the SeedBlink platform.

Stefan Boronea and Vadim Toader

Bucharest-based fintech startup Proportunity The announcement mentions their goal to obtain an extra 300,000 EUR in funding via an online investment platform. SeedBlink . The round of crowdsourced funding opened today They aim to enhance their existing funds, which currently stand at 2.34 million EUR, with the funding round set to remain open until June 15. According to a press release, the funds will help Proportunity significantly amplify their marketing efforts and introduce two new offerings this year: Rent to Buy and 0% deposit products.

As per their press release, Proportunity was established in 2018 by a skilled team, including Vadim Toader, who has over a decade in Fintech and Financial Services, and Ștefan Boronea, with more than ten years in Artificial Intelligence. The company's mission is to democratize the home buying process for individuals who manage to save a 5% deposit but struggle to secure a sufficiently large mortgage for their ideal homes.

In the press release, Toader expressed, \"Our goal is to make purchasing property as straightforward as renting. Proportunity enables buyers to make smarter choices through our machine learning technologies, which also allows them to buy sooner using our mortgage booster feature. Our tech guides buyers in discovering properties with promising growth trajectories, assuring them of their smart investment in such a pivotal financial decision.\"

The budget calculator can be accessed on Proportunity’s website.

Besides amassing impressive funds with vital backing from investor groups like Anthemis, Axel Springer, Savills, and Starwood, Proportunity has successfully financed over 117 million EUR in property acquisitions, experienced a remarkable 200% annual increase in new clients, and recorded a 6.4% growth in their portfolio over the last three years, compared to a 3.2% increase in the market. In the initial months of 2022, they managed to finance almost 47 million EUR in property purchases, marking a 152% growth from the same period in the previous year. leading VC funds Currently valued at 42 million EUR, Proportunity's team of 32 tech-centric employees has plans to expand into the US and Core European residential property markets by 2025, with a revenue target of 4.13 million EUR set for the end of 2022. Their primary focus remains on the UK market, which has a substantial total addressable market estimated at 1.1 trillion EUR.

Venture Friends and Kibo Ventures are at the helm of today's SeedBlink funding round, each contributing 1.17 million EUR so far. Laurențiu Ghenciu, Chief Business Officer at SeedBlink, remarked, \"Proportunity stands out in the European fintech space. We are thrilled to offer this VC-like investment opportunity to everyday investors. Vadim Toader and Stefan Boronea exemplify successful Romanian entrepreneurs making a mark abroad, having fostered trust through their solid team, impressive traction, and collaboration with renowned international VCs like VentureFriends and Kibo Ventures. This marks an exciting first for us with a Series A+ round promoting Romanian innovation.\"

Since its inception in January 2020, SeedBlink has rapidly become recognized as the fastest-growing platform.

The company prides itself on identifying, validating, funding, and nurturing European tech startups, according to their boilerplate information. \"Our vision is to shape the future of technology in Europe by creating an investment platform that offers both crowdfunding opportunities and the flexibility of angel investors, arranged in the structure of traditional VCs. The rapidly growing community of investors and the diverse selection of startups are pivotal to our platform's success, enhanced by effective portfolio diversification through thesis-aligned matching and engagement tools.\" investment platform Proportunity's decision to publicly pursue this round of funding represents a unique approach—a courageous business model that has already brought them notable success.

Metaverse Fundraising Weekly Report #5

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Disclaimer

In line with the Trust Project guidelines Vittoria Benzine, a resident of Brooklyn, is an art writer and personal essayist who focuses on contemporary art, emphasizing human narratives, counterculture, and chaos magic. Her contributions extend to publications like Maxim, Hyperallergic, and Brooklyn Magazine.

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