Global PayTech Ventures (GPT) recently invested in European FinTech platform Gibobs Allbanks to help users access financial services, according to a company press release Tuesday (May 24).
The Gibobs Allbanks platform assigns personal financial analysts to negotiate on behalf of each of their customers for the most competitive offers for their home financing products, including mortgages, payment tools and insurance, loans for construction companies, developers and real estate players.
“The superpower here is Gibobs comparative analysis, their ability to help consumers evaluate multiple financial product offerings and choose what’s best for them,” said Javier Perez, founder of GPT.
Gibobs is launching in Spain, where there are about 400,000 mortgages every year, with plans to expand its reach across Europe and to offer new services. The company is planning to debut a version of its platform for small- to medium-sized enterprises (SMEs).
“We want the user to understand their complete financial situation and then be able to choose financial products in a more objective and comparative way,” said Gibobs founder Jorge González-Iglesias in the press release. “You’re in an ecosystem specifically built around your data and your circumstances in order to help you make better financial decisions today and also in the future.”
Related: Global PayTech Ventures Invests In Corporate Card FinTech Cardlay
Last year, GPT invested in Danish FinTech firm Cardlay, whose technology allows for live card issuance and management in addition to other types of white-label front-end payment services.
Cardlay’s platform is comprised of four core components, which include card management, the corporate client app, VATTAX and travel expense management.
The card management component provides an interface to control every corporate card. Users can issue, load, block and centrally manage every payment card, both virtual and physical. In addition, the corporate client app component serves as the mobile front end for business cardholders and is the “first line” of online support and service for users.
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