Global Paytech Ventures invests in Gibobs' disruptive fintech platform offering European users complete credit evaluation and a curated suite of financial services offers
Gibobs Allbanks, based in Madrid, Spain, provides Europe's first comprehensive platform for loan/credit seekers to evaluate their creditworthiness, compare offerings and secure financing tailored to their specific needs and circumstances.
MIAMI, May 24, 2022 /PRNewswire/ -- Global PayTech Ventures (GPT) today announced its recent investment in Gibobs Allbanks whose cutting edge fintech platform is helping consumers, companies and providers of financial services to find their ideal match through the integration of sophisticated technology and personalized human analysis.
The platform is the first of its kind in Europe to bring consumers 'out of the dark' in the process of obtaining mortgage financing along with additional services to improve their financial 'health'. Similar to Credit Karma in the US, Gibobs helps European consumers and companies to understand their financial ability to obtain financing and how to improve it. The platform goes further by assigning personal financial analysts who negotiate on behalf of each of their customers for the most competitive offers for their home financing products, such as mortgages, payment tools and insurance, as well as loans for construction companies, developers and real estate players.
"The superpower here is Gibobs comparative analysis, their ability to help consumers evaluate multiple financial product offerings and choose what's best for them," said Javier Perez, founder of Global Paytech Ventures (GPT).
Beginning with Spain's mortgage market, Gibobs' platform is systematically disrupting the European financial services market by offering a consumer-focused platform that is both data-driven and human-touch oriented all at once, or 'bionic' as Perez described it.
What is it
A data-driven, consumer-focused fintech platform designed to help loan/credit seekers to understand their overall financial situation, understand their ability to secure various financial services and acquire a competitive analysis of options offered by major banks and other entities participating on the platform.
Founded by Jorge González-Iglesias, serial entrepreneur who previously founded the carsharing company Bluemove, which was successfully sold to Europcar Mobility Group, and Óscar Bañó, former global director of the Risk area at BBVA. Gibobs' risk analysis tools allow users to understand their total financial situation and secure optimal financing. Gibobs is initially targeting Spain's mortgage market, approximately 400K mortgages per year, but they plan to expand into the broader European mortgage market and add additional loan services. In 2022, Gibobs plans to launch a version for SMEs.
With its multifaceted systems designed to address the financial needs of individual consumers and businesses, Gibobs' President González-Iglesias likens the platform to Apple's iOS operating system — "Gibobs i the iOS for financial services. We're changing the whole paradigm."
"What we're building is an ecosystem where pre- and post-mortgage, we connect you to your finances via PSD2 so you can understand your financial situation and obtain a scoring. We want the user to understand their complete financial situation and then be able to choose financial products in a more objective and comparative way. You're in an ecosystem specifically built around your data and your circumstances in order to help you make better financial decisions today and also in the future."
How it works
Why it's revolutionary
"Our platform is bio-intelligent — we uniquely combine highly qualified human advice with state-of-the-art proprietary technology that uses artificial intelligence (AI) and is implementing blockchain technology to further disrupt the way we consume financial products. Our users can understand the state of their financial health and speed up financing processes. Qualified clients get personalized advice from a dedicated senior financial analyst who negotiates on their behalf with banks and advises them throughout the entire process to help (users) make the best financial decisions," said González-Iglesias.
While Gibobs is consumer-focused, the platform also provides a much-needed technical interface for financial entities, real estate agents and buyers. "We've invested significant resources in a very advanced, original technology," says González-Iglesias. Banks benefit from the platform's ability to identify specific types of mortgage clients they want, for example, by leveraging technology they typically don't have.
"We are having a strong impact on a sector that is in a very early stage of its journey towards digitalization. Financial Institutions are in need of technological tools for process optimization like the ones we are providing." Gibobs objective, says González-Iglesias, "is to create a community of empowered users who we will help to make good decisions and better understand their finances."
Global Paytech Ventures (GPT) is a venture capital firm that invests in early stage paytech companies that are looking to raise seed, Series A, or Series B round funding. GPT is lead by Javier Perez and his sons, Daniel Perez and Kristofer Perez — each have extensive payments industry expertise. GPT was founded by Javier Perez, who spent 25 years at Mastercard, including 15 years as president of Mastercard Europe. Under Perez's leadership, Mastercard Europe was recognized as the leader in payments technology innovation. GPT helps paytech companies achieve global success through their unrivaled paytech ecosystem expertise and their comprehensive network of industry contacts.