Connect Global acquires 5% stake in Housingdotcodotnz
Tuesday 17 September
Connect Global has acquired a further 5% stake in Housingdotcodotnz Limited, just 10 months after acquiring 5% of the New Zealand start-up.
Connect Global’s Managing Director Siua Fiso
increased the company’s shareholding to 10% after
recognising the huge potential of the software platform
business.
Housing.co.nz is a company challenging the
status quo of the real estate market in Australasia by
providing a free do-it-yourself software platform to allow
everyday people to sell and purchase their own houses.
Housingdotcodotnz Ltd directors John Booth and Kelly
Sutherland believe their ideas and direction will change the
entire real estate landscape, putting billions of dollars
back into the pockets of hard-working New
Zealanders.
Housingdotcodotnz CEO John Booth says,
“The business is growing rapidly and our advantage is that
we are agile to the core and born in the cloud. Even our
investment platform is digital: invest.housing.co.nz”
“Our development team are working on innovative
modules to change the real estate dynamic and with a market
size of $8B per annum in New Zealand alone, we have a
clearly defined strategic roadmap that will see our Kiwi
software platform business launch into Australia and Canada
in early 2020, with global cover by 2021.
Connect
Global MD Suiai Fiso says, “Being part of the company
driving transformation is important to us at Connect Global.
It’s an exciting time to be involved in such a disruptive
business and we recognise its potential. Ten years ago
no-one used their credit cards online but today it’s an
accepted practice. I’m absolutely confident that
tomorrow’s buyers and sellers across the globe will use
the housing platform that’s been created here, for
property transactions.”
A further stake of
Housingdotcodotnz has been acquired by Sprint
Investments.
ends