Powered by MOMENTUM MEDIA
subscribe to our newsletter

Property management start-ups announce acquisition

Share house payment start-up Easyshare has been acquired by an Australian proptech start-up, forming the latter’s first acquisition.

Property management services technology start-up Yabonza has acquired share house payments start-up Easyshare in a combined cash and equity deal.

The acquisition, which is Yabonza’s first and is aimed at expanding the offerings of Yabonza, aligns with the platform’s technology growth and leadership objectives.

Yabonza will retain the Easyshare brand during a transition process to integrate its technology into Yabonza’s platform.

The acquisition would see Yabonza’s leadership team of CEO Mark Trowell, along with chief operating officer and chief marketing officer Heidi Guenther and business manager Simon Kinsey, bringing Easyshare founder John Bush into Yabonza as an additional co-founder.

Advertisement
Advertisement

Mr Trowell said the Easyshare technology and mission made the acquisition a suitable fit for Yabonza’s team and platform.

“We are expanding Yabonza as the one platform for property management, and we’ve recognised payments as an important area for us to develop and improve on what we do, and on the experience, we offer to owners and tenants,” he said.

“John’s vision of removing payment friction was a natural progression for us, and we’re excited that he’s joining the team. We believe the value this adds for our shareholders and investors is a taste of our plans for building out the Yabonza platform.”

Mr Bush said Yabonza was the right evolution of his start-up and offered an opportunity to better serve Easyshare and Yabonza customers.

“Joining Yabonza means that we have the capacity to offer so much more to millions of landlords and tenants and continue to provide the best possible product for the sector,” he said.

PROMOTED CONTENT


Easyshare was founded in 2015 with the aim of making payments for bills, expenses and rent easier to split between housemates, simplify share house management and administration.

Yabonza has reportedly achieved an ongoing double-digit growth rate month-on-month, which has seen them expand into their first overseas market, launching in the UK.

[Related: Mutual bank has ‘agility and attitude’ to embrace fintech]

Property management start-ups announce acquisition
property technology
mortgagebusiness

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

Malavika Santhebennur

Malavika Santhebennur is the features editor on the mortgages titles at Momentum Media.

Before joining the team in 2019, Malavika held roles with Money Management and Benchmark Media. She has been writing about financial services for the past six years.

Latest News

The prudential regulator has written to ADIs to ensure that they are proactively managing lending risks and focusing on lending standards am...

As it waits for APRA to approve its acquisition of MyLife MyFinance, Challenger has flagged plans to expand the bank’s lending remit to co...

Australia has the second-highest mortgage debt as a proportion of GDP among OECD nations, according to a new report. ...

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.