The PropTech platform Nokkel receives FNZ support

by James · September 6, 2022

PropTech platform Nokkel, which helps home buyers and home owners with the sales process, has received an investment from wealth management company FNZ.

This investment is part of a wider partnership between the two, which sees Nokkel’s solutions integrated into FNZ’s global wealth management platform. This will help FNZ further unlock wealth by empowering all people to create wealth through personal investment.

By integrating Nokkel data into their platforms, financial institutions can offer customers a holistic view of their asset portfolio.

With the capital, Nokkel plans to employ more staff and establish a standardized property information infrastructure by connecting the traditional siled property and wider financial service worlds. By gaining access to deeper data, Nokkel will help users do more with their property, whether it’s investing in it, withdrawing equity or increasing its value.

Nokkel’s mission is to transform the buying, selling and owning of property. It consolidates property market data and has created a profile for almost all of the UK’s 28 million residential properties, which owners can customize, extend and use to track key information, including the value of their home.

Through this, buyers can search a larger pool of properties and receive alerts when their favorite properties come on the market. Owners are also equipped to access more financial services, such as recording the value they have added to their home, using equity in their property to get a better mortgage or attracting motivated buyers without putting their home on the market.

FNZ CEO and founder Adrian Durham said: “Property is a natural extension of FNZ’s holistic approach to providing wealth solutions to financial institutions across the wealth management spectrum. For many of us, our home is our most valuable asset – and one of the only assets where we can affect the value – and it should not be an afterthought in the portfolio.

“By investing in Nokkel, we want to provide greater control and transparency over this asset – in line with what we have over our bank accounts, investments and pensions. The goal is to enable our clients to better capture this asset class, enabling them to deliver personalized financial advice and a suite of solutions to as many people as possible, furthering our mission to unlock wealth.”

FNZ recently spoke to FinTech Global about how it is improving the foundations of a three-line-of-defence model. Read the article here.