Oper Credits, a Belgian-Swiss digitised mortgage SaaS firm and a F10 alumni, announced that it has secured a €11 million Series A equity round led by Bessemer Venture Partners and ABN AMRO Ventures.

The fundraise was also joined by its existing shareholders from its seed round including Techstars, Pitchdrive and Verve Ventures.

With this new funding, Oper will focus developing the building blocks needed to gather data from a variety of sources, including payroll, income stats, spending habits etc. and then in turn process this information within the mortgage context to reduce the approval time and create a better experience for the borrower.

Oper has official offices are in Antwerp and Zurich currently employs a total of 45 people to serve its 13 clients – a figure the company is looking to double in the next year.

The company has closed around €1 billion of mortgage loans and in the last year has seen its monthly recurring revenue increase by eightfold.

Wouter Lachat, Co-Founder and CPO of Oper Credits said,

“Further to increased investment in R&D and recruitment, it is international growth that we’re focusing on.

 

For us, France and Germany are the priority markets, as well as Austrian, Czech and Slovakian opportunities too.”

Nick Van Berckelaer, Co-Founder and CTO of Oper Credits said,

“We’re growing and we’re growing fast, and we couldn’t have done it without the amazing team we’re building across Europe.

 

There’s no doubt we’ll be hiring even more in the future to help us grow our loan book, client-base and ultimately our revenue. We have huge ambitions and need the right people to help us achieve them!”

Featured image: Oper Credits Team