NEXA Finance has selected SaaScada to provide the technology for its new property lending platform.
Nexa Finance launched last month, aiming to connect East Midlands-based property developers and housebuilders with institutional investors. It plans to expand its offering out to retail investors within 18 to 24 months.
SaaScada’s cloud-based platform of open APIs enables new market entrants to rapidly launch banking services, taking as little as 12 weeks to build, Nexa said. It also helps existing financial service providers reduce development and running costs.
“This was a major decision; we took a great deal of time to look at many suppliers in the combined software and banking market however it became very clear that SaaScada is the right partner for us,” said Brian Cartwright (pictured right), managing director at Nexa.
“Their cloud-based agile platform and methodology will enable us to deliver a high-quality service to our clients. What really impressed us was the speed of delivery, ability to create tailored products as well as the enhanced security underpinned by their impressive knowledge and experience of the financial services market.”
“We are immensely proud to add Nexa to our portfolio of clients and to partner with them to deliver an innovative solution for their own clients,” said Nelson Wootton (pictured left), chief executive of SaaScada.
“It’s great to be appointed as an extension of the Nexa team based on our unique ability to constantly innovate and futureproof our clients.”
As Peer2Peer Finance News reported last month, Cartwright previously worked as head of business finance at ‘big three’ peer-to-peer lender RateSetter. He said that the ethos of his new venture Nexa is to bypass complicated and unnecessary processes that sit within traditional banks.