Axiom Properties' (ASX:AXI) 100%-owned ListSure has entered into a Development and Integration Agreement with Proptech Labs.
Under the terms of the agreement, ListSure has been appointed as the preferred partner to deploy its suite of innovative payment and credit products to the Australian real estate market.
ListSure is an innovative and regulated real estate funding solutions business. ListSure was established to provide property owners and investors with unique and innovative financial solutions to assist in the management, maintenance and other costs associated with the natural lifecycle of home ownership and sales transactions.
It has developed a proprietary credit decision, loan origination and loan management platform that offers unique, flexible products for real estate owners, investors and agents.
Proptech Labs is a leading software provider that offers real estate agents with a range of tools designed to simplify their workflow and boost their productivity. Proptech Labs has partnered with in excess of 2,500 real estate agencies across Australia, New Zealand and the UK to serve in excess of 5.1m users.
It pioneers innovative software solutions tailored for the modern property management agency. All products are delivered with a commitment to streamlining workflows and enhancing efficiency, and they empower property managers to thrive in a demanding industry. Their comprehensive suite of products encompasses everything from property maintenance, and compliant inspections to seamless AI invoice processing, ensuring a hassle-free experience for their clients.
Strategic Integration and Rationale: Landlords face many costs that are associated with owning an investment property, such as regular repairs and maintenance, bills, and levies. ListSure has developed a regulated financial product called “Pay In 12” that offers landlords the ability to pay their day-to-day property expenses now and spread repayments over 12 months in order to align their repayment obligation with the receipt of their monthly rental income and their broader cash flow requirements.
Axiom Managing Director Ben Laurance said by integrating ListSure’s payments platform into Proptech Lab’s flagship AI powered invoice processing platform (Invoice Automate), Australian property owners are offered a better way to pay for their day-to-day property expenses. Invoice Automate is an AI powered invoicing workflow solution that removes all the manual and mundane work from an agency processing everyday invoices for an investment property.
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“We see this partnership as the logical progression of our commitment to deliver unique, embeddable payments and lending solutions to Australian property owners. We are delighted to be partnering with a company the calibre of Proptech Labs to deliver a quality, market-leading user experiences,” Mr Laurance said.