Porthos is a fintech platform that utilizes data analytics and machine learning algorithms to evaluate the creditworthiness of unconventional borrowers, such as contractors and entrepreneurs, who often face difficulties in securing mortgages. By streamlining the mortgage application process and tailoring it to individual income profiles, Porthos enhances the likelihood of approval for clients with complex financial situations.
Funding
$140K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Securing mortgage approval can be challenging for individuals with unconventional income streams, such as contractors, entrepreneurs, and company directors, due to rigid assessment criteria used by traditional lenders. These borrowers often face complex application processes and higher chances of rejection due to the variability or multi-source nature of their earnings.
Solution
Porthos is a fintech company that specializes in arranging mortgages and insurance for individuals with non-standard income profiles. The platform streamlines the mortgage application process by tailoring it to the client's specific occupation and financial situation. Porthos leverages advanced data science and APIs to assemble financial data efficiently, reducing the time required for application preparation. By connecting clients with specialist brokers and lenders, Porthos aims to increase the likelihood of mortgage approval and provide access to better mortgage opportunities. The company's technology facilitates a lighter, faster interface using voice calls and conversational messaging to simplify data submission and improve the overall client experience.
Target Audience
Porthos primarily targets company directors, entrepreneurs, contractors, self-employed individuals, locum health practitioners, barristers, expats, bonus earners, and carried interest earners seeking bespoke mortgage solutions.
Features
- Online onboarding process tailored to specific professions and income situations
- Data mining capabilities to extract information from messaging platforms and open banking APIs
- API integrations for accessing diverse financial data sources
- Referral network of specialist brokers and lenders experienced with complex income profiles
- Client onboarding module built upon a javascript framework and graph database
- Voice call transcription and AI-driven data processing for CRM population