Business Daily Media

Men's Weekly

.

FinTech Startup PropCap Poised to Alternative for Professional Investors with Asia’s First AI-Powered Mortgage Match-Lending Platform

HONG KONG SAR - Media OutReach - 18 August 2022 - PropCap Technologies Limited (PropCap), an award-winning FinTech startup incubated by Cyberport Hong Kong, today announced its strategic expansion plan to Japan, Australia and the Greater Bay Area (GBA) of China, further strengthening its bridging role in the global property investment business for overseas property buyers (buyers) and mortgage funders.

The company is also having an active promotion of mortgage funder's role with a growing number of investors whose appetite for more diversified investment models is on the rise.


Founded in 2019 by a team of veterans from the investment banking, IT and legal industries, PropCap is the first cross-border mortgage match-lending platform in Asia.

In the UK, Japan and Australia, the traditionally popular destinations for real estate investments, PropCap is expanding its reach of mortgage funders while helping overseas property buyers who face obstacles in mortgage applications.

The company enables easier and smarter global property mortgages for buyers, while offering favourable investment alternatives for professional investors (mortgage funders verified by PropCap) who seek to diversify their portfolios with more stable and relatively higher returns at a lower risk, enabled by its AI-powered lending and analytics platform. The birth of PropCap well fills the gap under the backdrop of a slowing global economy and political turmoils, where investors are eagerly navigating their ways to best allocate funds for more stable returns with lowered risks.

Securities of Mortgage Funders

To date, PropCap has processed a total of 15 cross-border mortgage deals valued over US$5 million for mortgage funders and borrowers since March 2021, when PropCap's product and technology innovation was officially finalised and introduced to the market. The average interest return for mortgage funders is 7.5% p.a., and the average return period is 21-month.

A growing number of professional investors start to eye on this alternative investment tool to become mortgage funders because of the relatively more stable property market condition, lower threshold than direct property investment, and higher returns than renting. In addition, PropCap lowers the risk for mortgage funders with its collateral policy and stringent compliance standard in multiple jurisdictions, as well as its innovative technology that offers transparent know your customer (KYC) procedures and real-time property valuation. PropCap also works closely with an extensive overseas partner network to ensure first-hand local insights and smooth project delivery, ranging from solicitor firms such as Healys LLP and Carter Lemon Camerons LLP, property agencies such as CBRE, to letting agencies like Complete RPI.

Future Market Expansion

Neo Cheung, Co-founder and CEO of PropCap, shares his views about the company's strategic expansion plan, "PropCap selects and targets operating markets geostrategically. We have built solid grounds of mortgage financing solutions for borrowers who invest in the UK and Japan property markets. The latest strategic expansion in Japan, development in local business, and initiation of mortgage markets exploration in Australia and the Greater Bay Area marks the company's maturing and strengthened two-way business model that is poised to broaden mortgage funders' investment alternatives."

Due to current epidemic, China's economic growth slowed and reduced investment return has impacted more Chinese investors to consider investing in overseas properties. PropCap aims to fulfils mortgage needs and become the preferred gateway for Chinese overseas property buyers.

In April 2022, PropCap successfully joined the Greater Bay Area Cross-border Data Mutual Recognition Platform, which is primarily operated by Nova Credit, a consumer credit bureau that connects consumers and lenders with data and analytics. Participation in the Platform enables PropCap to conduct more effective and trustworthy KYC procedures towards mainland Chinese customers.

Leading in Overseas Property Mortgage

Where PropCap is specialised in - a niche model that bridges and connects mortage funders and buyers, there is no direct or similar player readily available for the solutions and services provided by this FinTech startup who had recently been awarded the "Top 100 of Jumpstarter 2022" by Alibaba Entrepreneurs Fund, world's largest startup contest.

According to a recent paper jointly issued by the Alternative Investment Management Association and PwC, the growth of private credit globally presents a significant opportunity for Hong Kong. Furthermore, the city's proximity to mainland China and the increasing receptiveness from both regulators and traditional investors are important stimulus to technological innovation for the private credit sector, which will significantly accelerate PropCap's growth and global expansion.

Hashtag: #PropCap #HKStartUp #FinTech #AlternativeInvestment #OverseasPropertyMortgage

News from Asia

Rhenus 4PL Solutions Brings Digital Logistics Expertise Support To The Circular Economy Initiative Of Looper Textile Co. And REMONDIS

Circular textiles at industrial scale: Looper Textile Co. collects, sorts and processes up to 150 million garments annually for reuse and recycling. Digital coordination by Rhenus...

ISCA and SHICPA Sign MOU to Strengthen Support for Accountancy Professionals and Firms in Shanghai

SINGAPORE - Media OutReach Newswire - 8 July 2025 - The Institute of Singapore Chartered Accountants (ISCA) and the Shanghai Institute of Certified Public Accountants (SHICPA) have signed a Memora...

Proscenic Launches Major Prime Day 2025 Sale with Up to 40% Off Best-Selling Vacuums Starting at €89

SHENZHEN, CHINA - Media OutReach Newswire - 8 July 2025 - Smart home innovator Proscenic is kicking off Prime Day 2025 with one of its biggest sales yet, offering up to 40% off its top-rated vacuu...

Arrow Electronics Launches Engineering Solutions Center to Support Tech Innovation Across India and Southeast Asia

BANGALORE, INDIA - Media OutReach Newswire - 9 July 2025 - Arrow Electronics, a global provider of technology solutions, today announced the launch of its new Engineering Solutions Center(ESC) in ...

XIXILI Introduces Jelly Padded Bras: A Game-Changer in Everyday Comfort

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 9 July 2025 - Renowned for empowering women through inclusivity and thoughtful design, XIXILI announces the arrival of its latest bra collection:...

Jurassic World: The Experience Roars Into Bangkok - 8 August 2025 At Asiatique The Riverfront Destination

BANGKOK, THAILAND - Media OutReach Newswire - 9 July 2025 - Asset World Corporation (AWC), Thailand's leading integrated lifestyle real estate group, together with NEON and Universal Destinations ...

Health2Sync and Novo Nordisk Pharma Korea, Ltd. Launch Smart Cap Mallya® for FlexTouch® Insulin Pens Integration in South Korea, Enhancing insulin administration via Digital Diabetes Care

SEOUL, SOUTH KOREA - Media OutReach Newswire - 9 July 2025 - Health2Sync, Asia's leading digital chronic disease management platform, announced the successful integration of Smart Cap Mallya® for ...

E-commerce Platform Wildberries Pilots Its Own Taxi Service

MINSK, BELARUS - Media OutReach Newswire - 9 July 2025 - Wildberries, a leading e-commerce platform in Eurasia, has begun testing its own ride-hailing service in Belarus. The company expects the n...

DYXnet Awarded ISO/IEC 42001 AI Management System Certification by SGS

Leading the New Era of AI in Hong Kong's Telecommunications Industry HONG KONG SAR - Media OutReach Newswire - 9 July 2025 - DYXnet, a wholly-owned subsidiary of VNET Group, Inc...

Prince Foundation Extends Support for Children’s Healthcare in Cambodia Through Cambodia Kantha Bopha Foundation, Reflecting Commitment Guided by Neak Oknha Chen Zhi

PHNOM PENH, CAMBODIA - Media OutReach Newswire - 9 July 2025 - Prince Foundation, the philanthropic arm of Prince Holding Group under the leadership of Neak Oknha Chen Zhi, has reaffirmed its ong...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

Sell by LayBy