PEXA purchases 25 per cent stake in AI fintech company Elula

 In a bid to bolster its fintech offering, online property exchange platform PEXA (ASX: PXA) has announced it is purchasing a 25 per cent stake in artificial intelligence (AI) software company Elula for an undisclosed amount today.

The investment by PEXA Insights is expected to provide a “more holistic view of critical lending and refinance consumer behaviour” for the platform, which helps settle more than 20,000 property sales a week.  

The move comes three months after PEXA agreed to purchase a 38 per cent stake in Australian proptech Landchecker and marks the company’s second strategic investment to date.

Read More: https://www.businessnewsaustralia.com/articles/pexa-purchases-25-per-cent-stake-in-ai-fintech-company-elula.html



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