Mouro Capital, the recently created fintech venture capital arm of Banco Santander, announced an undisclosed investment in Spanish proptech company Clikalia as part of the latter’s Series A round.

Clikalia is an online residential property platform that digitizes the process of buying and selling houses.

It marks the maiden investment in a Spanish startup for Mouro Capital, which was spun out by Banco Santander in September. The Spanish banking giant has replaced Santander Innoventures with Mouro Capital allocating $400 million funds for investing in fintechs and also adjacent businesses associated with the financial services industry.

Manuel Silva Martínez – General Partner at Mouro Capital, commenting on the investment in the Spanish proptech company, said: “Our aim is to support teams working on the future of financial services and buying a home is one of the most important financial decisions consumers will make in their lifetime. Clikalia is working on changing the housing status quo with a customer-centric vision, so supporting them was an easy decision for us.”

Proceeds from the investment are expected to help Clikalia’s pursuit to expand into more cities in the coming months.

Details about the Spanish proptech company Clikalia

Established in 2017, Clikalia, through its digitized platform, is said to considerably cut down the time taken for completing property transactions.

By using big data and other technology, the proptech company is said to improve and digitize processes, thereby reselling homes in less than 120 days after making them more sustainable and also energy efficient.

The Spanish proptech company has so far done more than 500 transactions with a team of 80 people located across Madrid and Barcelona.

Francisco Alister Moreno – Founder and CEO of Clikalia said: “We are very excited to continue our journey with Manuel and the Mouro Capital team. Combining Mouro Capital and Banco Santander with what we have been building at Clikalia means that we can offer to customers the best of both worlds: a digital experience with the highest quality standards combined with the strength of one of the most important financial institutions in world.”

  Banco Santander, Clikalia, Fintech industry news, Francisco Alister Moreno, Manuel Silva Martínez, Mouro Capital, Real estate industry news, Spain