Posted on Feb 18, 2019 2021 at 10:36Updated Feb 18, 2019 2021 at 10:52
No niche escapes French fintech. The real estate investment company (SCPI) market is no exception. In order to find a place in the sun, Iroko convinced Idinvest Partners to conduct a seed fundraising of 3 million euros in the company of HEC Ventures and its historical shareholders, LO Capital and business angels who remit to the pot. The operation (100% in Equity) follows by three months the launch of a first product (Iroko Zen). Founded in 2019, the real estate savings Fintech obtained its approval from the Autorité des Marchés Financiers (AMF) in June 2020.
If the SCPI niche has been very successful in recent years, it is very competitive with 40 management companies in the running (Corum, Primonial, Sogenial, Norma Capital, etc.). According to the latest official figures (ASPIM-IEIF), there are 191 SCPIs to surf on a form of placement increasingly popular with the French. The young shoot will have to elbow it. To make a difference, it aims to use the power of digital technology by making the activity both more transparent and more financially accessible.