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To transform the way property is transacted, starting with remortgages.
Even as industries embrace the digital revolution, some practices lag behind. For example, property exchange and remortgaging still involve a host of paperwork and back-and-forth between parties. PEXA supplies an eConveyancing platform to automate and simplify these processes, improving accuracy and efficiency while reducing costs.
PEXA was founded in 2010 to bring automation to the Australian property market, before expanding to the UK. The company created its eConveyancing service from scratch, including developing the technology behind it, and has the ability to serve property exchange, purchase, development and more; though the PEXA UK division is currently focussed solely on its novel remortgaging solution, as the volume of UK remortgages is expected to rapidly escalate with growing interest rates.
PEXA has benefitted from the pandemic-instigated digital transformation, as well as the similarly fuelled property market boom, which allowed the company to grow rapidly in Australia. Having brought its platform to the much larger UK property market, the company has a chance to demonstrate the value of its digital property settlement solution to a new range of customers, and the potential for massive growth.
Freddie
Company Specialist at Welcome to the Jungle
James Bawa
(CEO, not founder)Former CEO of JN Bank UK. Previously Head of Strategic Initiatives (Interim) at OneSavings Bank, with prior experience as CEO in three other companies including Monmouthshire Building Society.