Realtime Conveyancer, an end-to-end transaction management system that looks to streamline the property settlement process, has announced an investment from the Real Estate Institute of Western Australia (REIWA), while launching its new product.
This is part of a broader fund-raising round with REIWA as the main investor. REIWA has been an active investor in proptechs recently, with investments in Real Estate Sales Online (RESO), ASX-listed Proptech Group and Pie Labs (a proptech venture fund).
Realtime Conveyancer service launched a new online service this week for settlement agencies, one which will also allow real estate agents to see the status of the settlement process.
Working together with REIWA will allow us to bridge the gap between the sales journey and conveyancing journey, significantly improving the experience for conveyancers, agents and most importantly, WA buyers and sellers.
Kylie Dillon
“REIWA’s vision to make the selling, leasing and buying of property as simple as possible for all West Australians aligns perfectly with Realtime Conveyancer’s values.
“This partnership represents a huge vote of confidence in the Realtime Conveyancer platform and the value that it can deliver to conveyancers and their clients,” said Ms Dillon.
REIWA CEO Neville Pozzi said the ability for real estate agents to track the settlement process, in real-time, was also a big win in the deal.
“REIWA has invested in Realtime Conveyancer as it sees significant upside and efficiencies in processes for both conveyancers and real estate agents. The integration with important real estate service providers will significantly enhance efficiencies within the conveyancing and real estate industries”, said Mr Pozzi.
The exact amount of the investment was not disclosed.
~~
Disclosure: The author used to work at REIWA (2010-2013), and sold a company to them in 2010. The story above was first announced on The Property Tribune.
