Property Raptor announced its launch into the UK property market today after successfully working with Savills, Chestertons and others.
The software uses 'two-way AI matching' to match prospective clients and properties and contains tools to enhance customer service levels, manage the sales process and capture data. The firm reports that it has seen an 18% decrease in the average length of its customers' sales cycle.
Property Raptor is backed by IMS Digital Ventures, the venture capital arm of Integrated Management Systems (IMS) Group. IMS Digital Ventures has supported Raptor in developing its real estate software platform.
Commenting on the UK launch, Justin Lau, CEO of Property Raptor, said:
“With the UK and global market facing a great deal of uncertainty, and the cost of living crisis a growing burden, agents need to be hot on their client relationships and processes to close deals. But many are getting bogged down with laborious tasks.
“Outdated records, lost or siloed data and time-consuming manual processes lead to so much wasted time - and these methods are still far more common than you would think,” Lau continued. “It was clear to me that these inefficiencies in the real estate industry were a source of great frustration among agents and loss of revenue among agencies – let alone resulting in end clients being under serviced. By breaking into the UK proptech market, we hope to address each of the pain points faced by the industry and transform operations - all while providing a seamless user journey for agents and buyers.”
Anastasios Papadopoulos, CEO IMS Digital Ventures, said:
“Implementing the right technology can unleash new business potential. So, for the UK proptech scene, this is a fantastic move by Property Raptor, opening up the sector to a range of world-class tech. This will empower real estate agents to better match properties to clients, close deals more easily and, ultimately, allow them to navigate and scale during any downturn. Crucially, it will allow agencies to gain that competitive edge - at a competitive price too.”
