Managed App has been revealed as the number one real estate tech start-up in a major new digital technology ranking.
The Australian Digital Technology Awards identified the leading digital businesses across several key industries including real estate, accountancy, law, mortgages and wealth.
The companies that made the cut were ranked within their distinct industry sectors.
The rankings were determined by a submission-based program combined with a large, cross-industry brand performance survey to identify the leaders in each field.
The survey was conducted in early 2021, with the final ranking released via a recent live-streamed event.
Managed App, an innovative payments and workflow management platform, was recognised as the real estate sector’s leading start-up.
It also ranked third overall in the highly competitive real estate category, with marketing platform Realtair and agent CRM system Agentbox placing first and second, respectively.
Managed App launched in late 2018 and has grown rapidly.
Over $650 million in transaction volumes have been processed via Managed App since inception, with the platform now processing more than 45,000 monthly transactions.
As well as providing an engine for rental property transactions and payments, the recently launched native tradie marketplace is also generating huge value for property managers focused on delivering better investor outcomes.
There are over 4,000 licensed and insured tradies on the platform, with plans to have tens of thousands connected and engaged over the coming years.
Nick Bouris, Managed App’s co-founder and director, said that recognition for the disruptive new platform was a huge endorsement of the impact Managed has had on the Australian property management sector.
Across an estimated 2.7 million Australian investment properties, over $58 billion in rental payments are made annually. Over 70 per cent of all investment properties are managed by property managers.
“We have worked tirelessly to deliver a better proposition for principals and property managers and it’s fantastic to gain such an accolade via the Australian Digital Technology Awards,” Mr Bouris said.
“While the trust account has served agents and landlords well for decades, innovative new payment systems have created a faster and more secure way to transfer money, which Managed has harnessed.
“Some of our partners have been transacting all their daily payments quickly and easily with Managed for nearly two years.
“We’ve now seen over $600 million pass through the platform and our volumes increase daily as new agencies move across to Managed App.”
Mr Bouris was quick to give praise to the agencies that have chosen Managed App for the part they have played in the platform’s success.
“I’d like to thank all of our partners who made the switch to Managed App — particularly those who backed us from the start. It is a shared success story!” he said.
“Our partners vary in size and structure, but they all share a common attribute: they are all real estate businesses that lead the field because they can deliver far better outcomes to their landlords and their tenants.
“They also have the scope to be more profitable and grow faster than their peers by harnessing the unique revenue-generating tools that we provide as standard.”