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Burn, baby, burn. Real estate-focused fintech startups feel the heat

TechCrunch

Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry. Layoffs in the sector began — and they took place in a range of real estate tech companies, big and small. Low interest rates mean more purchases and refinances. Image Credits: Twitter.

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Vontive wants to be the Palantir of real estate investing

TechCrunch

residential real estate market has been booming because of the pandemic. Vontive , an embedded mortgage platform for investment real estate that just came out of stealth, is trying to streamline some of those processes by helping mortgage lenders upgrade their tech. housing crisis.

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JLL reinvents itself for the AI era

CIO

City skyscrapers and office parks may remain scarcely occupied in the post-pandemic work era, but commercial real estate player JLL’s business is not slowing down, thanks to the company’s embrace of technology and high-growth opportunities to adapt and prosper. Generative AI and LLMs are changing all that.

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Compass files S-1, reveals $3.7B in revenue on net loss of $270M

TechCrunch

Compass , the real-estate brokerage startup backed by roughly $1.6 The company’s last fundraise was in July 2019, when Compass — a company that has built a three-sided marketplace for the real estate industry, along with a wide set of algorithms to help make it work — raised a $370 million round of funding. 31, 2020.

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Fresh from new round, Egypt’s proptech Nawy plans full-suite offering

TechCrunch

In the long term, the proptech plans to use the data it collects to offer real estate advisory services, forge funding partnerships and provide insights into the trends and other market factors. That would kind of complete the suite of what we do — by offering core real estate products,” said El-Beltagy.

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Columbus-based Tribevest bags $3M for its collaborative investing platform

TechCrunch

The brothers had dreams of finding their own financial freedom through investing in real estate, but didn’t have enough individual capital to go into business alone. “On Beyond needing capital, Smith said he and his brothers “didn’t have the guts” to invest in real estate on their own before they formed a group.

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Acrew Capital, Jeff Bezos back Colombia-based proptech La Haus’ $100M debt, equity round

TechCrunch

La Haus , which has developed an online real estate marketplace operating in Mexico and Colombia, has secured $100 million in additional funding, including $50 million in equity and $50 million in debt financing. The management team…knows real estate in Latin America better than anyone we’ve met.”.