Century 21 Portugal Announces Independent Fintech Platform 'Finance21' for Credit Intermediation
In a significant move to innovate within the Portuguese real estate sector, Century 21 Portugal has announced the launch of Finance21, a new, independent fintech company. This technology platform is designed to automate and streamline the process of housing credit intermediation. The specific technology solution offered by Finance21 is a fully digital infrastructure that provides end-to-end mortgage services. This includes real-time loan simulations with major Portuguese banks, instant comparison of official proposals (FINEs), automated document validation, and secure digital submission of all necessary paperwork via API integrations with both financial institutions and official government entities. The platform aims to provide significant user benefits by increasing transparency, speed, and security in the mortgage application process, which is often cited as a major bottleneck for homebuyers. The market adoption strategy involves making the platform available through all Century 21 agencies and a growing network of independent, dedicated credit intermediation points, making it accessible to all consumers, not just Century 21 clients. The system incorporates advanced data analytics and artificial intelligence capabilities to validate documentation and ensure compliance, with integrated Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) procedures developed in partnership with EY to address security and privacy considerations. The cost structure for the consumer has not been detailed, but the primary value proposition is efficiency and clarity. Ricardo Sousa, CEO of Finance21 and Century 21 Portugal, stated that the company has invested around three million euros since 2021 in this technology. The company projects that Finance21 will handle over one billion euros in intermediated credit annually by 2026. This initiative represents a major step in the digital evolution of the Portuguese property market. Stay updated on real estate technology trends at realestate-lisbon.com.
