Oneiro Solutions, a London-based fintech platform that digitalises and automates the complex syndicated loan servicing process, ends its Seed Funding round with £1.1million raised.

Launched in July 2021 by Chris Papathanassi, Oneiro Solutions brings a ground-breaking 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, as well as the ability to self-serve.

Users have visibility over the status of their loan advances and other lifecycle events, allowing complete transparency over the administrative process, whilst also offering 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.

Prior to founding Oneiro Solutions, 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.

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.

“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.”

With the funds, Chris and George Druncea (Oneiro Solutions’ CTO) will 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 complex syndicated loan management process.

Chris is pleased to close the funding round and outlines his plans for the next phase for Oneiro Solutions.

“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!”