ANZ boosts proptech access with $50m investment

ANZ
Banking
Group
has
invested
$50
million
into property
media
and
technology
company
View
Media
Group
(VMG).

VMG
was
founded
in
2022
by
Antony
Catalano
and
Alex
Waislitz,
and
comprises
various
property
technology
solutions
including
AI
services,
listing
portal,
marketing
agencies.

Also
under
its
portfolio
is
media
and
adtech
company
The
Today
Business
and
property
portal
AD
Group. 
  

Its
portfolio
includes
property
portal
realestateview,
AI
and
data
company
Propic
and
utility
platform
Beevo.  

The
bank
will
now
hold
a
minority
shareholding
plus
a
seat
on
the
board
at
VMG,
stating
it
is
committed
to
collaborating
to
set
up
a
“proposed
exclusive
financial
services
partnership
on
key
products”.

“This
investment
will
help
enable
our
existing
strategy
to
establish
a
suite
of
services
in
the
homeowner
space
that
make
it
easier
to
buy,
own
or
rent
a
property,”
it
said.

ANZ’s
investment
comes
after
the
bank
entered
into beta
testing
for
its
digital
home
loan
proposition in
December
last
year
with
plans
to
officially
launch
in
the
second
half
of
this
year. 

Other
strategic
investors
in
VGM
included
media
company,
Seven
West
Media.

Waislitz
said
that
with
ANZ’s
investment
alongside
Seven
West
Media,
the
company
is
“well
on
the
way
to
creating
Australia’s
most
exciting
real
estate
proptech
business”. 

About Author

AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

See author's posts