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Oneiro Solutions transforms world of syndicate lending, raises £1.1M

Oneiro Solutions founder
Image credits: Oneiro Solutions

Oneiro Solutions, a London-based fintech that digitalises and automates the complex syndicated loan servicing process has raised £1.1million in seed funding.

The round was led by Graham Murphy, founder and former CEO of Remote Diagnostic Technologies (RDT). Graham successfully sold RDT to Philips Healthcare in 2018 providing a significant return for investors. This round follows the successful initial funding provided by Oneiro Solutions founder.

With the funds, Chris aims to scale the business and expand the offering to large financial institutions. Upon the signing of Oneiro Solutions’ first customer, this investment round offers the opportunity to bolster this success and continue on its mission to revolutionise the traditionally lengthy syndicated loans process. The company will use the funds to prepare for its next phase of growth.

“Since selling RDT I have evaluated six businesses for potential investment and Oneiro Solutions is the first I have invested in,” said Graham. “It was an easy decision as the business has strong founders with the right experience and an excellent business proposition. I was also happy to introduce Oneiro to my investor network, not something I do lightly.”

Chris Papathanassi, founder of Oneiro Solutions said, “I’m extremely passionate about bringing game-changing innovation that will help to solve challenges that have existed in this industry for decades. This funding will help us to accelerate the development of our platform and deliver on our promise of bringing a retail-like experience to the world of syndicated lending. For far too long, the industry has suffered from legacy technology which is difficult to implement, slow and costly to adapt, and difficult to integrate with – and we are here to change that!”

Simplifies syndicated loan servicing process

Oneiro Solutions was founded in 2021 in London by Chris Papathanassi. Prior to this, Chris spent 15 years in the banking and technology industry, working for NatWest bank administering large-scale syndicated loans, and for leading software vendor Finastra, as an industry principal selling market-leading syndicated lending software.

It brings a groundbreaking new way for syndicated loans to be serviced. On its entirely cloud-based platform – DLX, borrowers, lenders, and agents have access to all of their deal-related data in real-time and the ability to self-serve. The platform helps to cut the lengthy syndicated loans process by up to 50%, by offering transparency to the entire cycle.

Users have visibility over the status of their loan advances and other lifecycle events, allowing complete transparency over the administrative process. Also, it offers a level of personalisation that was missing from past systems.

DLX combines all of these elements and provides a fully automated service. It shifts the operating model for banks and service providers from being user input driven to manage by exception only. This frees up a significant amount of time, greatly improves the customer experience and heavily reduces costs.

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