Ibanez Frédéric

About Ibanez Frédéric

Frédéric Ibanez is a French real-estate and proptech executive best known as the co-founder of the Nice-based company that became Versity, formerly Les Agences de Papa. Founded in 2019 with Nicolas Fratini, the business initially promoted a fully digital real-estate brokerage model with a fixed-fee structure. It later rebranded as Versity and shifted toward a more technology-led positioning focused on immersive 3D property visits, Web3 applications, and a broader digital experience around real estate. In company communications, Ibanez is described as CEO and later as President of Versity, reflecting his central role in the firm’s strategic direction. His career at Versity is closely tied to the company’s evolution from a disruptive brokerage concept into a proptech platform. In June 2023, he announced the name change from Les Agences de Papa to Versity and framed it as a milestone in the company’s ambition to bring immersive, interactive real-estate experiences to the market. At that stage, the group presented a roadmap built around the launch of a first version of its metaverse product, token development, and a wider digital transformation of the property lifecycle. This suggests a profile combining entrepreneurial leadership with expertise in real-estate innovation, product strategy, and digital communication. In 2024, Ibanez led Versity through a new phase of growth, including the acquisition of INEUF.com, described as France’s largest marketplace for new-build property. Versity also highlighted its network of advisors and its international ambitions, including partnerships and investor relationships in the Gulf region. His public statements emphasized technology-driven growth, market differentiation, and the use of data and immersive tools to reshape the buying and selling experience. However, the company later ran into severe financial distress. Eurofound reports that Versity was placed into liquidation by the Nice Commercial Court in June 2025 and notes that the business never achieved profitability despite its innovative real-estate-and-digital model. Ibanez also pointed to the rapid rise of artificial intelligence as a factor that undermined Versity’s offering. His trajectory therefore illustrates both the ambition and the risk profile of French listed proptech ventures, where innovation, capital intensity, and market timing can be decisive.