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CL Platform SIGNED

Powering simplified and scalable mortgage application processing.

Total Cost €

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EC-Contrib. €

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Partnership

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Project "CL Platform" data sheet

The following table provides information about the project.

Coordinator
CREDITLOGIC LIMITED 

Organization address
address: 38 BELGRAVE SQUARE
city: MONKSTOWN
postcode: n.a.
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Ireland [IE]
 Project website https://www.creditlogic.ie/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-07-01   to  2019-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    CREDITLOGIC LIMITED IE (MONKSTOWN) coordinator 50˙000.00

Map

 Project objective

CL Platform is a mortgage application platform that simplifies the mortgage application process for mortgage advisors, mortgage lenders and consumers. It does this by streamlining and integrating application data between all stakeholders and automating many processes. CL Platform makes the mortgage application process quicker, more efficient and cheaper for mortgage advisors, mortgage lenders and consumers. CL Platform is a multisided business serving both mortgage advisors and mortgage lenders, and benefiting consumers. CL Platform is delivered as a Software as a Service (SaaS). Mortgage advisors pay an annual licence fee for use and a commission for each mortgage that gets completed through the platform. Mortgage lenders pay a fixed fee for each applicant data received. We will commercialise in the target markets of UK and Ireland, followed by Central Europe then the rest of Europe. We will target first smaller mortgage advisors as they are quicker to adopt new solutions. Growth among these will attract larger mortgage advisors and mortgage lenders. To date we have developed an Alpha prototype of CL Platform for our local Irish market and it has received positive feedback from both advisors and lenders. The proposed projects fits in with our strategy as it will enable us to accelerate the development of the core platform into and MVP, explore new EU markets and localise the solution, and pilot test with advisors and lenders within these markets to validate CL Platform. It will also allow us to prepare for commercialisation by develop specific marketing and communication material, ensuring compliance with regulatory requirements and protecting our intellectual property. At the end of the project we will have a commercial product ready to start generating revenue within our initial target markets.

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The information about "CL PLATFORM" are provided by the European Opendata Portal: CORDIS opendata.

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