Real Estate Financing Needs Innovation – Leading International Financiers Invest in New Challenger Fintech Platform To Benefit Investors and Borrowers
London, UK – News Direct – Nester
The launch of the UK’s first peer-to-peer investment platform in line with Islamic finance is designed to provide new investment and real estate finance opportunities for communities that have historically lacked financial products. Nester strives to do this in a transparent, competitive, and timely manner.
Nester has two core offerings, an investment product aimed at providing affordable returns to investors and a real estate financing solution for homebuyers seeking financing for development projects, commercial acquisitions and bridging at competitive prices.
The traditional banking model of Fractional Reserve Banking has not changed significantly for around 150 years. Challenger banks have entered the market to start adopting technology that will transparently and quickly improve the customer experience, but innovation is still needed and Nester wants to keep this moving in an inclusive way for all communities. Investors and savers have historically resorted to depositing funds with a bank for returns, albeit very little.
Nester believes that strengthening its client base with knowledge of its investment products will enable investors to view its UK property-backed fixed income investments as a viable alternative for enhancing the returns on clients’ savings. For some, this is the only option available in the absence of investment products and those financially marginalized communities benefiting from the Nester solution.
The Nester solution enables transparent, ethical and fair real estate financing and investment. Additionally, the shift towards a more tech-educated population and a wider range of new tech startups has resulted in peer-to-peer and other breakout sectors offering new opportunities for investors. Nester complements this with a product that is available to everyone.
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Who is Nester?
Nester presents an innovative, ethical and digital alternative to legacy banking. The new technology-based platform offers borrowers competitive and easy financing and at the same time offers investors the opportunity to support individual development or investment projects. Investors have the opportunity to achieve significant, reliable returns that are secured by an initial burden on real estate assets itself.
Nester has completed a significant pre-series A-share increase from several highly respected investors to support an innovative invest / borrow approach via a bespoke software platform developed by the Nester team over the past three years.
Based on a culture of ethics, trust and transparency, Nester stands for the democratization of real estate financing, from which all real estate investors who are looking for financing benefit, not just the super-rich. The Islam-compliant peer-to-peer platform gives borrowers direct access to bridging, renovation and real estate development financing options.
How do you work?
Investors offer capital investments to borrowers by investing directly in the financing while their investment is secured by the underlying property values. The transactions are sourced from Nester, who in turn carefully reviews and signs each deal itself before offering investors the opportunity. Nester is authorized and regulated by the Financial Conduct Authority (FCA) and ensures full transparency and compliance with comprehensive risk mitigation to protect its customers.
Nester has approved borrowings worth over £ 4 million that will soon be available to investors on the Nester platform. There are a number of additional deals in the pipeline across the UK that are expected to generate returns in excess of 6.0% per annum.
Who is behind Nester?
The co-founder and CEO of Nester leads Nester’s day-to-day business:
Youness Abidou – A Qualified Accountant and Former Senior Relationship Manager at Bank ABC, VP of Real Estate Structured Finance at Gatehouse Bank PLC and a specialist in Islamic finance.
‘Nester takes a slightly different approach and aims to deliver cheap investor returns on a monthly basis while making it easier for SMB borrowers to access finance for customers previously excluded from financial products. It’s a simple, efficient platform-led process using our own technology and algorithm for credit risk assessment, with rigorous due diligence carried out by experts and all backed up on the property itself.
‘We have put together a star chamber of talent and investments to support the Nester business, all of whom come from the highest levels of global finance – a testament to the strength of our product and our team. I am honored to be part of such a collective of like-minded, highly respected professionals as we strive to challenge and democratize real estate finance and the Islamic finance industries. “
And the notable people who support the Nester business:
Mohammed Paracha – Co-Founder
Senior Islamic Finance Attorney and Specialist at Norton Rose Fulbright, where he is Head of Middle East. Formerly a member of the Bank of England Committee on Islamic Finance, Head of the Dubai Islamic Economy Development Center and CEO and Head of Europe at Al Salam Europe Ltd, the European branch of Al Salam Bank in Bahrain.
“One of the reasons I co-founded Nester with Youness is to redefine the standard way we think about our day-to-day investment needs. We are programmed from an early age to use banks in a certain way, including for all of our investments. ‘
“A key concern for me is to address financial inclusion, which is also at the center of Islamic finance, and to advocate a fairer distribution of wealth compared to the traditional partial reserve banking model that is still used by banks. Nester offers a real alternative for both borrowers and investors and we hope that our journey together will be enlightening. “
Iqbal Khan – investor through his family office; Baraka Khan Family Office.
Founding chairman of HSBC Amanah & Fajr Capital; Board member at Jadwa Investments Saudi Arabia; and the MENA infrastructure fund.
“I have had the privilege of contributing to the success of the Islamic finance industry in numerous countries, and my investment in Nester is exciting in that it is the first fintech platform of its kind to ensure an ethical structure that offers innovative financing and investments. “Solution for a sector that has long required innovation,” says Iqbal Khan.
Tariq Usmani MBE – main investor
CEO and Co-Founder of Henley Homes, the residential developer. Chairman of the Islamic Center of West London and the Mosaic Ex-Offender Program.
“This is the beginning of the democratization of real estate investment, regardless of whether you are buying real estate and need financing or are interested in generating a fixed return with real estate as security. Nester is innovative and focused on inclusion for everyone. With this ethos at the heart of the offering, I am delighted to be a director and lead investor in this business, ”says Tariq Usmani MBE, a lead investor
Ends.
Notes for editors
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Launched in 2021, is an Islamic finance compliant, real estate-based, customized peer-to-peer framework platform for investors and borrowers.
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Nester’s CEO is Youness Abidou, a banking, accounting, and Islamic finance veteran
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Nester is backed by some of the most famous and respected senior financers and Islamic finance specialists in the world
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Borrowers looking for real estate bridging, development and renovation financing can apply directly via the platform. Investors make funds available through the platform that are secured against real estate assets.
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Nester invests in secure real estate investments, focused on high quality commercial and residential real estate with a focus on the UK market.
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Nester’s vision encompasses a new, highly competitive approach aimed at serving the entire community and guided by ethics, transparency and compliant principles.
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Nester is regulated by the UK’s Financial Conduct Authority.
Contact details
ProperPR, director
Russell Quirk
+44 7930 336544
ProperPR, director
James Lockett
+44 7584 248960
View source version on newsdirect.com: https://newsdirect.com/news/real-estate-financing-needs-innovation-leading-international-financiers-invest-in-new-challenger-fintech-platform-to-benefit- investors -and-borrowers-763012006