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Real estate tech startup Reali to shut down after raising $100M one year ago

TechCrunch

Startups that are catering to homebuyers are struggling as interest rates and inflation have climbed and inventory shortages continue in many markets. . Reali was one of the pioneering companies to offer the ‘buy before you sell’ and ‘cash offer’ programs to homeowners,” he said in the release. “We

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Burn, baby, burn. Real estate-focused fintech startups feel the heat

TechCrunch

As we all know, the housing market goes through cycles. Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry. At the same time, as the venture market slowed dramatically and suddenly, raising capital was much harder.

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Taking on Bilt, Stake aims to expand its cash-back rewards program for renters

TechCrunch

Aiming to compete with Bilt in the nascent property renter rewards market, Stake , a startup that provides cash back and banking services to renters, today announced that it raised $12 million in a Series A round led by RET Ventures’ new RET Ventures ESG Fund. Stake is bringing the same transformation to real estate.

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Knock is the latest proptech said to be eyeing the public markets

TechCrunch

“We pioneered the real estate transaction revolution over five years ago and our priority is to build a war chest to dramatically widen the already cavernous gap between us and any unoriginal knock-offs.” We’re able to lend some money before an owner’s [old] house is even listed on the market.” .

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Korean proptech startup Dongnae gets $4.1M seed extension led by NFX

TechCrunch

The real estate market in South Korea is very fragmented, which means people often have to work with dozens of brokers before they find a new home. Pete Flint and [principal] Brittany Yoon at NFX bring an amazing combination of real estate expertise and Korean startup experience that will be invaluable to Dongnae.”.

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Nigerian proptech Spleet gets $2.6M led by MaC VC to scale its property management products

TechCrunch

While Adesanmi worked for years in Nigeria’s banking and fintech space, his family’s real estate background pushed him to establish a startup in proptech. For years, proptech, unlike fintech, hasn’t witnessed exploding growth in Africa despite real estate needing as much innovation as financial services in the region.

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Bilt Rewards banks $60M growth on a $350M valuation to advance credit card benefits for renters

TechCrunch

Bilt Rewards , a loyalty program for property renters to earn points on rent with no fees and build a path toward homeownership, announced Tuesday a round of $60 million in growth funding that values the company at $350 million. Since then, the program was rolled out across over 2 million rental units, Jain told TechCrunch. “We