Property investment marketplace Propetly has chosen fintech Sumsub to provide its identity verification tools.
Propetly was founded by venture capitalist and property investor Sergey Kazachenko and is led by Nexa Finance founder Brian Cartwright.
The platform, which is also looking to partner with peer-to-peer lenders, aims to automate investment property transactions.
It will use Sumsub for its know-your-customer and anti-money laundering checks.
“Our aim is to make buying and selling properties quicker than traditional, long-established methods,” Cartwright said.
“We want our investment platform to be safe, efficient, and accessible for anybody.
“Sumsub helped us achieve this by complementing our solution with effortless user verification that reduces onboarding to just a few minutes.”
Jacob Sever, founder of Sumsub, said automating property sales would make it more accessible.
“We are happy to see how Propetly automates the otherwise complicated process of property investment,” he said.
“So, on our part, we want to ensure proper verification of agents and users on Propetly’s platform. This will secure their workflow, so they can focus on global expansion.”
The platform lists a range of investment opportunities, including land for development, property refurbishments and buy-to-let properties, which developers and landlords can purchase. Propetly uses estate agents and AI to provide detailed, clear summary reports on these investments.
Cartwright previously worked at former ‘big three’ P2P platform RateSetter as head of business finance before lauching Nexa Finance in 2019.