VELTIS: The first European real estate asset rating agency

Veltis offers a product based on AI technology that gets the credit risk score for both individual and portfolio real estate assets, as well as for a certain geographical area, census tract, municipality or autonomous region.

• Transparency and understanding in the real estate sector through risk analysis.
• Detection of risks that may influence the real estate sector and its assets.
• Compare for the first time assets based on their value and their risks.

Veltis has the following products:

• DATASET VELTIS®: It provides access to the most extensive and reliable database in the real estate industry to optimise investment decisions. It has more than 10 billion pieces of data that are essential for identifying opportunities and reducing risks.

• Comprehensive real estate risk report: It provides a comprehensive analysis of the risks recommended or required by important supervisory bodies, such as the European Central Bank, the Bank of Spain and the Ministry of Economy, in the framework of the Spanish draft ECO regulation. With this report, continuous monitoring of key risks can be carried out, ensuring that businesses comply with the most up-to-date regulatory standards.

• Climate risk report: Working together with TECNALIA, Veltis enables the creation of advanced models that assess the impact of climate change on the real estate sector, providing a detailed analysis of the economic impact of climate risks on real estate assets.

Veltis currently offers the following services:

• Veltis® Terminal: the first real-time tool for risk management in the real estate sector, available in Complete and Premium versions. It allows monitoring and management of advanced risks in assets and portfolios, customising strategies according to risk profiles and filtering assets by liquidity, sustainability, climate risk, among others. With these analytical tools, users can make more informed strategic decisions to maximise the potential of their real estate operations.

• VELTIS ASSISTANT-AI®: An assistant that adapts to customers’ needs to optimise asset and portfolio management with superior efficiency. Thanks to AI-powered investment and divestment strategies, it maximises returns and reduces risk, boosting success in the real estate market from the outset.

• VALUATION-RISK®: The advanced AI tool that transforms the automated valuation of real estate assets by including both current characteristics (ECO) and risk factors (new ECO) in its calculation. It provides an adjusted value with key risk indicators for an accurate and comprehensive assessment.

Market situation:

The business opportunity amounts to €800 million in Spain alone, linked to risk assessment.

TARGET MARKET

Potential clients include:

• Banks
• Fintechs
• Administration
• Funds
• Spanish Real Estate Investment Trusts
• Family office
• Consultancy Firms
• Investors
• Insurance companies
• Developers

Date of incorporation: 2014
Phase: Technology development / Market launch
Employees: 4
Offices: Bilbao, Bizkaia – ES
Funding rounds: 4
Co-investors: TECNITASA, LAR GROUP, TECNALIA and private investors
Website: www.veltisrating.com