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PEXA acquires interest in Landchecker
Digital property exchange platform PEXA Group has acquired a 38 per cent interest in homegrown prop-tech Landchecker.
Digital
As part of the new investment, PEXA can broaden its unique and timely property data and support the creation of new products and services to generate value for consumers, government and industry.
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The strategic investment was made alongside RACV, the emergency roadside assistance, transport and financial services organisation, which will retain a 51 per cent equity interest in Landchecker. The latter has doubled its subscriber base over the last year and is utilised by hundreds of trusted sources.
PEXA chief data and analytics officer Scott Butterworth said: “Landchecker is PEXA Insight’s first strategic investment. Like PEXA Insights, Landchecker’s data is trusted and used by thousands of property professionals each day.
“We aim to provide a richer service offering to our customers and we believe that the synergies between the two companies will enhance PEXA’s position as the trusted source for robust, real-time data.”
Landchecker, founded in 2015, provides an all-in-one source of property information that empowers property professionals and consumers by providing them with information they need when choosing a property or area to live or invest in.
Founder Will Leaf said Landchecker’s founders and the entire team are all “very excited” about the transaction with PEXA and RACV.
“Working alongside these successful organisations will ensure Landchecker continues to successfully develop its offering in pursuit of its aim, to become the most current and accurate property information business, trusted by businesses and consumers for property insights and data-driven decision making.”
RACV CEO Neil Taylor added: “RACV has been an investor in Landchecker for a number of years and we are excited by the opportunities this increased investment presents, both in terms of helping our members and customers make informed decisions when purchasing property, as well as working closely with a new strategic partner PEXA.”
