Real Estate

Chime Rings In United Kingdom With Rentancy Acquisition

Actual property advertising software program firm Chime acquired UK agency Rentancy to increase into the rental and property administration market.

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Just a few months after saying the rollout of its giant brokerage enterprise providing, and mere days after turning into the software program associate of document for the fast-growing, tech-froward brokerage Actual, advertising and CRM developer Chime has acquired U.Ok.-based property administration agency Rentancy.

In a press release on the acquisition, phrases of which weren’t disclosed, Chime mentioned the 2 companies have a shared mission to compress the long-standing workflows of actual property gross sales and enterprise operation via an “unwavering dedication to progressive know-how improvement.”

Joe Chen, Chime’s CEO, mentioned within the assertion that that is merely one assault level within the firm’s mission to supply the very best know-how merchandise so “each actual property skilled globally [can] thrive and prosper.”

“With Rentancy, we’re originally of a long-term product and enterprise improvement journey increasing into European markets and international property administration SaaS house,” Chen mentioned.

Based mostly in Horsham in West Sussex, Rentancy’s web site says it was based in 2019 to serve the back-office wants of multi-family properties with 50 to greater than 1,000 items, a sector of the general US proptech market that has been thriving of late, particularly when it comes to enterprise capital funding.

Rentancy develops software program to deal with a mess of leasing and property administration wants, together with hire processing and accounting, bookkeeping and asset administration, or bodily repairs.

Its present contracts, and the ensuing soon-to-launch gross sales efforts, will assist Chime unfold into Europe, Center East and Africa.

Chime has been broadening its product’s attain of late, as nicely, not too long ago unveiling a brokerage recruiting product and social media advertising studio. Early in 2022, it made public inside plans to take a position greater than a $1 million in staffing and coaching to bolster buyer success.

“The pure synergy between Rentancy and Chime was clear from the beginning,” mentioned Kurt Lyall, Founder & CEO Rentancy, within the announcement. “By combining our property administration software program and companies with Chime’s award-winning gross sales acceleration platform, we are able to provide a whole actual property enterprise resolution that streamlines operations and empowers our purchasers to concentrate on constructing their enterprise.”

Chime affords buyer relationship administration, internet advertising, transaction administration and an array of different digital gross sales help and brokerage operations instruments for brokers, groups, unbiased brokerages and enterprise-scale actual property corporations. It was based in 2016.

E-mail Craig Rowe

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