Pazapa: Developing the rent-to-own market in France

Open Finance
07/06/2023 Interview
profile picture of Basma El Aboudi

Basma El Aboudi

Pazapa

Cofounder

Basma El Aboudi is the Co-Founder of Pazapa, a French proptech startup specialized in real estate leasing. We spoke with her about the development of this practice of leasing with an option to purchase, which could well compete in the long term with the traditional real estate loan.

What led to the creation of Pazapa?  

Our relationship with homeownership has evolved in recent years. First, it has become increasingly difficult for buyers to secure a mortgage in light of home price increase, high interest rates and tighter credit regulation. Second, our lifestyles have evolved as individuals seek more flexibility in their professional and personal lives, making credit risk assessment tougher for banks. Yet becoming a homeowner is one of the most effective ways to build wealth and security, a dream from which more and more individuals are excluded (young professionals, independent workers, and those without a down payment). Pazapa was born to make homeownership accessible to everyone, without compromising on flexibility.

Want to keep reading?

Create a web account to get access to more insights

Related news & insights

Digital Reinvention
15/07/2024 Article

Financial Innovation Spotlight – July 2024 edition

This global innovation journey begins in Singapore, where OCBC Securities offers AI-driven personalized stock recommendations. Then we head to the...

Digital Reinvention
12/07/2024 Interview

NewTech Friday: Trustly – Offering fast, simple and secure online banking payments

Swedish scaleup Trustly is an open banking pioneer and a global payment method. Qorus’ Boris Plantier talked to Oscar Berglund,...

Digital Reinvention
11/07/2024 Interview

Creating the My World Super App: A peek into Yapi Kredi’s award-winning project

Yakup Doğan, Assistant General Manager responsible for Limitless Banking at Yapı Kredi, reflects on the Turkish bank's victory at the...

Digital Reinvention
11/07/2024 News

Indosuez Wealth Management expands "StartUp Connections" platform to new markets

Following its success in France, the platform now offers a simplified gateway to an international network of startups for these...

Mobility
11/07/2024 News

N26 partners with Bipi to offer €400 discount on car subscriptions

This collaboration marks a significant step in expanding N26’s customer benefits and highlights the growing trend of flexible car ownership...

Embedded Insurance
11/07/2024 News

APOLLO and Dream partner to offer digital insurance to residents

This collaboration aims to simplify obtaining comprehensive insurance policies for residents and help property managers efficiently track insurance compliance.

Digital Reinvention
05/07/2024 Interview

NewTech Friday: LoyJoy – Democratizing chatbots

Ulf Loetschert, Managing Director and Co-Founder of LoyJoy, is on a mission to revolutionize the way businesses connect with their...

Mobility
04/07/2024 News

CommBank launches car buying service in app

Partnering with carsales and Vyro, the service simplifies the car buying process for personal and business customers by providing tools...