Realty services group Property Connect Holdings has signed a minimum five-year licence agreement to us a technology platform from marketplace treasury company Clearmatch.
Property Connect is aiming to use the technology as part of a plan to develop peer to peer lending products focused in the property sector, especially project development financing. The new lending products will generate revenue from end users including property developers, financiers, investors and owners.
The agreement allows Property Connect to use a white-labelled version of Clearmatch’s platform SocietyOne. It’s thought the platform will be used in combination with Property Connect’s own LiveOffer platform.
The LiveOffer system allows tenants to submit an application for a property which lets the property manager know how much they are prepared to offer, when they will move in and how long they want a lease for.
Tenants are then able to view the progress of the application online and update if necessary. The idea behind the platform is that it would increase transparency and remove unnecessary steps in the rental process.
Under the terms of the agreement, Clearmatch will be paid fees for establishing and hosting Property Connect’s products on its SocietyOne platform.
The announcement of the Clearmatch deal comes after the company announced a partnership with Dubai-based Damac Properties – one of the largest private developers in the United Arab Emirates.
The initial 12-month agreement (to be renewed annually) sees Property Connect use its LiveOffer platform to promote and sell Damac’s portfolio of developments in the UK, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE.
Damac has established relationships with global leading luxury brands including Fendi, Bugatti, Paramount Studios, Trump, Cavalli, Versace and Tiger Woods.
