Neoshare has developed a SaaS solution designed to digitize and streamline the management and implementation of project and real estate financing. Using the platform, real estate companies and project developers are also expected to gain additional security in the implementation of financing projects and transactions.
This concept has also convinced Hamburger Sparkasse, Sparkasse KölnBonn, Sparkasse Hannover, and Kreissparkasse Ludwigsburg. According to the startup, the savings banks are acquiring shares equal to those of the Volksbanken. Several Volksbanken Raiffeisenbanken invested last spring, together with a German family office and strategic partners from the real estate industry. 19 million euros.
Through the partnership with the savings banks, Neoshare now becomes a cross-group industry solution for commercial real estate financing. The solution facilitates collaboration between institutions, as well as between institutions and customers or partners. The technological expertise of the Startups complements the leading market position of the savings banks and cooperative banks. This combination creates the basis for an independent industry solution in commercial real estate financing.
The Chairman of the Board of Sparkasse Hannover Volker Alt commented:
"We are convinced that the complex commercial real estate lending business of savings banks and banks will continue to digitalize. Neoshare AG's solution opens up exciting prospects for Sparkasse Hannover to digitize its commercial real estate and syndicated loan business. Given the share of commercial real estate financing in Sparkasse Hannover's new and existing business, Neoshare's range of services is of great strategic importance."
The additional capital will primarily be used to further develop the platform, expand AI research, and expand the company. Neoshare will remain independent even after the investment and will be majority-controlled by the founder.
