MIL-OSI Submissions: Australia Banking Sector – CBA’s x15 invests in property disruptor

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Source: Commonwealth Bank of Australia

CBA announces today a new strategic partnership with :Different to transform the way investors digitally manage and maintain their properties.

Tuesday, 21 September 2021 – Commonwealth Bank of Australia (CBA), through its venture-scaling entity x15ventures, today announced a new strategic partnership with a fast-growing Australian property management company :Different, with thousands of owners, tenants and properties under management. The partnership will include CBA taking a minority shareholding in :Different, alongside highly regarded venture capitalists including Antler.

Toby Norton-Smith, Managing Director of x15ventures, who joins the Board of :Different, said: “Combined with our rapidly growing conveyancing platform Home-in and the recent announcement of Unloan, the property sector is clearly a space where we feel we can develop the next generation of high quality digital services for home buyers, property investors and property managers.”

:Different is a property management disruptor that was co-founded in 2017 by two Silicon Valley entrepreneurs Mina Radhakrishnan and her husband Ruwin Perera, who gained deep product development experience while working at Google, Uber and other tech giants. Mina was recently appointed Director of the Tech Council of Australia, and the pair bring their experience of building a data-driven platform to benefit property investors.

MIL OSI – Submitted News