FinSpace launches Propflex tech tool for property developers

By Bridging Loan Directory 13th April 2023

Fintech-driven finance brokerage, FinSpace has introduced a new property appraisal tool called Propflex.

Launched in 2018 by Graham Beresford and Jaffer Abbas, FinSpace initially focused on bridging and development finance.

The technology strategy is based on two fronts; making sure that their brokers can process applications with the lightest touch while maintaining complete compliance and enabling customers to have full transparency on their applications from initial options to completion.

Propflex is the second part of the strategy which is aimed at borrowers.

With a fully stacked roadmap, Propflex will enable customers to source land/property, finance it and then market the new stock all through one platform.

Graham Beresford, managing director, FinSpace said:

“We have enjoyed driving our tech products into the current market.

It is my absolute privilege to head this business and I remain as excited today, as I was about four years ago when we first set out on the FinSpace journey.

The incredible growth of FinSpace in such a short space of time would not have been possible without clients and lenders who have supported the business since its inception in 2018.

The past year has been spent building out our tech team and road map”.

Jaffer Abbas, co-founder and CTO added:

“We are committed to leveraging technology to revolutionize the way we approach property financing.

Our innovative solutions empower our clients to access financing options tailored to their specific needs and streamline the process up to funding.

I am proud to lead a team of skilled professionals who are dedicated to developing cutting-edge technology that drives our vision forward and delivers exceptional value to our customers and partners”.