Our CEO Remen Okoruwa weighs in on why proptech might evolve like fintech
Proptech integrations are hard, and it’s been this way for more than a decade. We can solve this problem by taking a page out of fintech’s playbook… In the fintech industry, banking systems historically required large engineering teams. Companies like Plaid and Stripe revolutionized this process by simplifying integrations, which resulted in a huge wave of fintech innovation. Many leading property management softwares, companies like Yardi and RealPage, were founded in the 80s and 90s. Their SOAP APIs can be difficult to work with. As a result, proptechs have frequently struggled to build integrations that work with these foundational technology platforms. Integrations are becoming increasingly expensive, causing operators to spend millions every year just trying to maintain all the various technology solutions in their proptech stack. My company, Propexo, seeks to ease the integration burden for property operators, who currently spend significant amounts on maintaining their tech stacks. By providing streamlined and reliable integrations, Propexo helps reduce these costs and turn integration into a competitive advantage. Propexo aims to address this by standardizing and modernizing API integrations, making them more efficient and enabling proptech firms to expand their market reach quickly. Proptech is on the cusp of a revolution… #proptech #multifamily #propertymanagementsoftware #integrations