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The Future of Hospitality is Here

Revolution

Image courtesy of Mint House Real estate lies at the core of our everyday lives?—?it Yet, technology adoption within the real estate community as a means to fundamentally disrupt how physical assets behave and how transactions occur was lagging up until the last couple of years.

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Keyway secures funding to buy property from small business owners and lease it back to them

TechCrunch

Founded in September 2020, the New York-based company – which was previously named Unlock – said it uses data science to “ identify, underwrite and close transactions 10x faster than incumbents.” commercial real estate value. ” It describes itself as a “managed marketplace.”

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What To Do When Your Competitor Gets Funded?

Both Sides of the Table

And our competitors are not really each other but the incumbent businesses that have 99.9% market share today and are stuck with high real-estate costs, shitty customer service, bad value propositions and no ability to respond to competition because they have effectively become real-estate holding companies that store stuff for cashflow.

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Former Zillow execs raise $70M seed round for Tomo, which wants to simplify the mortgage process

TechCrunch

The latest startup to raise venture money with the goal of making the process “smarter and faster” is one that was founded by a pair of executives that spent years at real estate giant Zillow. according to Crunchbase), but especially for the real estate tech space (perhaps the largest ever). They were once rivals.

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End-to-end operators are the next generation of consumer business

TechCrunch

The key purpose of being end-to-end is to deliver an even better value proposition to consumers relative to incumbent alternatives. In the graphic above, notice that most of these companies play in the largest, but notoriously archaic industries like banking, insurance, real estate, healthcare, etc.

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Singapore wealth management platform Endowus raises $35M

TechCrunch

Participants also include “four of Asia’s wealthiest families,” the startup said in its press release, whose operating businesses encompass banking and real estate across Southeast Asia and China. Other investment apps in Singapore include Syfe and Stashaway , which also attracted big VC bucks a couple years ago.

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Proptech in Review: 3 investors explain how finance-focused proptech startups can survive the downturn

TechCrunch

Startups operating in the financial side of the real estate tech market suddenly faced a surge in demand, and many departed on hiring sprees to keep up. Predictably, home buyers made hay, taking full advantage of the favorable financial environment to pick up new homes and refinancing mortgages on their existing homes.