![]() “As things become more of a niche and more complex, there is a huge advantage in staying vertically specific. “The majority of are what we call the one size fits all - one software that fits real estate, VC, private equity, hedge funds, family offices, and so on,” Mor said. “We also handle the onboarding processes when they are bringing new investors to their deals and all the back office financial investor relations work.”Īlthough other proptech companies are addressing these issues, Mor says Agora’s approach is unique. “We help these companies streamline all the communication interactions with their investors, including reporting money transfers, secure document sharing, helping them manage their KYC and AML ,” said Mor. He set out to address the dysfunction through Agora’s software platform. Having come from a real estate family with a public company on the Israeli stock exchange, and with a tech background from his service in the Israeli military’s cyber intelligence unit, Mor said he saw massive inefficiencies in real estate development investment management and financial operations. Agora automates fundraising, investment management, reporting, payments, document sharing and tax operations. The company provides customizable, secure software that helps real estate firms automate their back-office processes and increase operational efficiency. Along with further building out its tech platform, the newly raised funding will go toward tripling the five-member staff in its Manhattan office, he added. The fintech/proptech SaaS startup was founded in late 2019 in Tel Aviv and raised $9 million in previous funding rounds, Mor said. SEE ALSO: Royal Palm Lands $61 Million for Unsold Condos at Paramount Miami Worldcenter
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