Buyer’s agency commits $1.65m to proptech
InvestorKit will put the funds into resources that ensure its analysis is ahead of the game.
Fresh off of welcoming a head of technology to propel the business forward, the buyer’s agency has announced a big investment to ensure it’s on the cutting edge.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
The record outlay for the company will be portioned over five years to “strengthen its research and technology capabilities and further unlock opportunities in the commercial and residential property market,” according to a release from the firm.
First up, it will be launching an AI-driven training program for InvestorKit’s staff, called “IKit GPT”, that integrates decades of property data with internal frameworks and strategies intended to “sharpen the team’s skills and enhance customer experiences”.
The group’s founder and head of research, Arjun Paliwal, described the large investment in tech as necessary for a firm that prides itself on being ahead of the curve.
“As a data-driven business, InvestorKit aims to leverage the latest technology to transform and simplify the buying process and empower our clients with tools and data to make smart property investment decisions,” Mr Paliwal said.
“With increasingly tightening markets and limited supply leading to fervent competition across both the residential and commercial market, it is imperative that investors have access to the data and expertise that gives them the confidence to make quick, informed decisions. That is our goal at InvestorKit. This significant investment will ensure our clients have access to the latest in innovation and continue to enjoy cutting-edge service and best-in-class advice,” he said.
Looking ahead, the firm is planning to automate some of its customer interactions to provide “an unparalleled level of efficiency and quality”, and launch a community app to build relationships between clientele. The firm also plans to create a customer hub that will provide easy access to their existing portfolio planning software, improve cash flow projections and keep track of buying milestones.
The firm also plans to make greater use of AI-powered tools, and are looking at developing an engine to provide buy/sell/hold analysis.
As these tools come into play, Mr Paliwal said he believed the firm would grow its reputation as a trusted, “data-driven buyers agency for successful business owners and professionals looking to scale their portfolios”.
“With Ankit [Paliwal] at the helm of technology, the company is poised to redefine the property investment landscape through innovative proptech solutions,” Mr Paliwal added.