back Back

Briqwise expands Peer-to-Peer property lending platform to Australia

By Leandra Monteiro

July 15, 2021

  • Australia
  • Briqwise
Share

Briqwise, peer-to-peer platform, property, AustraliaBriqwise, the peer-to-peer platform for real estate financing, announced it is entering the Australian market. The new platform aims to lower barriers for small to medium business owners seeking a quick and reliable way to finance their commercial properties while providing opportunities for smart investors to yield a safe and attractive return on their investment.

The platform was designed to accommodate the global market. Regardless of location, the Briqwise platform can provide businesses with a chance to secure a real estate loan from $100.000 even under challenging economic conditions.

“SMEs can potentially face huge challenges when looking for commercial finance to buy their business premises. Under the same economic conditions, investors are looking for alternative ways to grow their wealth – especially when interest rates are dropping to below zero. That makes savings very unattractive. In Australia, RBA has reduced interest rates to 0.25% and maybe soon to zero.” said Pieter Porte, Founder of Briqwise.

From today, businesses in Australia seeking commercial funding can access a loan through Briqwise. These loans allow SME’s to buy real estate with flexible terms and competitive interest rates. For investors, The platform offers fixed interest rates over a loan period of 12 months to 20 years with guaranteed monthly payments that can be liquidated at any time. All with first mortgage security.

Speaking of the new benefits to the Australian market, Martin Mulder, Briqwise Partner said, “A property is usually funded to a maximum of 75% of its value credit assessment. This assessment is conducted by the Briqwise Value Assessment tool (BVA) which is similar to ones used by traditional banks. However, our application process is much faster due to our advanced IT platform, which circumvents traditional impediments. Our application fees are considerably lower than the market rate for comparable loans. At Briqwise we require a minimum investment of $100,000.”

Pieter Porte adds, “By 2025, Briqwise aims to be a fully-fledged international platform, represented in at least five countries worldwide. The scalable and intelligent cross-border IT platform ensures the local Briqwise team can conduct all funding via our quick, transparent and straightforward process.”

Previous Article

July 15, 2021

Everest partners with Oracle Financial Services, a leap forward for traditional FIs to adopt blockchain-based technologies

Read More
Next Article

July 15, 2021

Boubyan Bank launches Islamic digital bank Nomo in the UK

Read More






IBSi Daily News Analysis

June 21, 2024

Australia

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 21, 2024

Niyogin Fintech appoints Sanket Shendure as the Chief Product & Growth Officer

Read More

June 21, 2024

FinTech Focus: Catch latest developments of the week

Read More

June 21, 2024

Curlec & Seedflex strengthen businesses in Malaysia with PAYS Advance

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023