Investment management platform Bloqhouse automates 'one to many' payments with OPP

OPP and Bloqhouse partnered to automate ‘one to many’ payments: the payments Bloqhouse’s clients make to multiple investors at once, such as returns on investments. Instead of exporting those payments from its system and uploading them to the bank, Bloqhouse now has OPP take care of the distributions to all investors at once.

The partnership: the last manual payment flow, automated

Bloqhouse is an investment management platform that connects fund managers, lenders and crowdfunding platforms with investors. Any company raising and investing capital can use it to set up a digital, fully compliant process: KYC (Know Your Customer), contract signing and payment handling in one place. Some 60 clients in the Netherlands, Belgium and Luxembourg run on the platform, managing over 400 projects and funds.

Founder Tim Rutgers started out wanting to build a real estate investment platform himself, found no good way to run the process digitally, and built Bloqhouse instead. One-to-one payments on the platform were well set up from the start. Payouts from a client to many investors were not, and that is where OPP came in.

The challenge: paying many investors at once without a manual export

A ‘one to many’ payment is a single client paying multiple investors at once, for example when returns on investments are paid out. Bloqhouse did not yet have a good solution for these payments.

Instead, the payments had to be exported from Bloqhouse’s system and uploaded to the banking environment, where they were made by hand.

Bloqhouse is always looking for smarter ways to set things up. For a platform that already streamlines KYC, contract signing and payment handling for its clients, this manual step was the next one to automate.

Our solution: checks before the money moves, and payouts to all investors at once

After a selection process, Bloqhouse chose OPP for its focus on platforms and the expertise of its team. The solution was built to fit Bloqhouse and its customers, not taken off the shelf. When investors receive money from a project, it is deposited in a personal account that OPP created for this purpose. OPP checks whether each investor is allowed to receive the money, and then takes care of the payouts to all investors at once. This guarantees that every transaction is carried out safely and compliantly. Bloqhouse’s developers worked closely with OPP’s specialists to build the solution into the platform.

“Besides OPP being a reputable name, you notice that their focus is really on platforms. The expertise of the team was therefore an important reason for us to choose them. The solution we implemented with them is definitely not an ‘off the shelf’ product. They have been very thoughtful about how to make what they offer fit exactly with our needs and the needs of our customers.”

Tim Rutgers, Founder of Bloqhouse

The impact: time saved, and a platform that can pay out any scheme

Automating the payouts with OPP saves Bloqhouse a lot of time, and the manual export and bank upload are no longer needed. The Bloqhouse platform with OPP’s ‘one to many’ payment function is used by organisations such as Broccoli, Capital Circle, Jild Financiert, Eijgen Finance, LVDH Finance, Hospitality Crowdfunding Netherlands and Hospitality Crowdfunding Belgium.

Bloqhouse serves clients in the Netherlands, Belgium and Luxembourg and set out to grow further into Europe with its scalable platform. Thanks to OPP’s international presence, the two can keep growing together.

What this means for you: why investment platforms need automated payouts

If you run an investment, lending or crowdfunding platform where one payment has to reach many investors, the export-and-upload routine Bloqhouse replaced is probably familiar.

With OPP, the checks on who may receive the money are done before it moves, and the payout to all investors happens at once, safely and compliantly.

Want to see how one-to-many payouts could work on your platform? Get in touch to learn more.