Assets tech provider and FinTech concentrated on electronic banking join forces to improve resident lifetime and lessen working expenses
LUBBOCK, Texas, July 13, 2021–(Enterprise WIRE)–Quext, a intelligent constructing and assets management platform built by multi-household and apartment field authorities, currently declared its greater part stake acquisition of Viva Fairness. Viva Equity’s latest solution choices are Viva Very first, the to start with digital lender constructed with Latinos in mind—developed to empower and dignify banking for the Spanish language community— and Relm, a life-style banking application targeted to school learners, renters and underserved communities. This revolutionary partnership prioritizes the unbanked and under-banked, by furnishing them with tools to come to be financially safe, when at the same time lowering operators’ expenditures. For the Quext core platform, acquiring the means to use embedded finance technological innovation opens the doorway for various improvements in the proptech house.
“We treat finance as a correct, not a privilege,” stated Jim Simpson, co-founder of Viva Fairness. “Viva To start with and Relm fill a massive gap in the market place by featuring banking solutions to people today who could possibly be neglected somewhere else. Our partnership with Quext, an progressive proptech answers developer, permits us to superior support the communities we serve by tapping into the thriving multi-spouse and children housing business.”
Viva Equity’s method to monetary literacy gives the consumer with the resources desired to make economic conclusions on their possess. Driven by machine learning know-how, Viva Equity’s cell banking answers had been designed to assist underserved populations build credit history, encourage economically savvy determination-building, and set buyers up for achievement in their upcoming fiscal endeavors. By supplying banking solutions for all people, Viva Fairness paves the way for a lot more inclusive and practical banking and payment choices within the field.
“Getting Viva Fairness was a all-natural healthy for us because of our shared mission to put the resident initially,” said Dave Gilles, CEO of Quext. “Quext will go to any duration to make improvements to the life of our people and operators, and Viva Equity provides the ideal avenue for us to do that. In our mission to democratize technological know-how solutions, the option to leverage embedded finance throughout the Quext main system is a remarkable edge. Viva Equity shares that very same core best.”
A person crystal clear illustration of these synergies is a program to eliminate in-particular person rent payments. Right now, a higher proportion of citizens in workforce housing pay their lease by way of cash orders, which is really inconvenient for the resident and operator alike. They are also really susceptible to fraud and present added fees to both of those events. Viva Fairness helps a mainly unbanked inhabitants attain bank accounts, help you save income by reducing check cashing service fees and make payments by means of debit and credit score playing cards. For multi-family operators, this alternative eliminates time-consuming handbook entry, opening an possibility to superior serve citizens.
Quext will feature some of these alternatives at the Nationwide Condominium Association’s Apartmentalize convention August 31 – September 2, in Chicago.
About Quext
Quext is a game-altering technological innovation and software program organization that makes smarter conclusions brilliantly very simple. Made by industry gurus, Quext reimagines apartment engineering with solutions that function seamlessly together delivering the least complicated-to-study, most intuitive, all-in-a person, cloud-based mostly apartment local community nerve heart at any time made available. Main platform innovations include internet of things, home management, digital human consumer aid, substantial-velocity world wide web, and house internet sites. Quext is a people-centric company backed by Madera Household, an industry leader in multi-loved ones housing financial investment and property administration. Headquartered in Lubbock, TX, the enterprise was identified as a winner of the Intense Wi-fi IoT Challenge 2020. To learn much more, check out https://onequext.com/ or observe us on Facebook at https://www.fb.com/onequext.
About Viva Equity
Viva Equity is a financial know-how business focused on embedded finance solutions for underserved communities. Established by nationally acknowledged banking technologists and seasoned industry executives, Viva Equity produced the 1st digital-only financial institution, Viva First, intended with the Latino neighborhood in intellect. Along with its higher education pupil centered remedy, Relm, Viva Equity generates remarkably individualized social lifestyle and economical providers with a coronary heart and concentrate on the unbanked and under-banked. Employing equipment studying, schooling and indigenous language, Viva Fairness strives to remove obstacles and dignify banking services working with distinctive technological innovation alternatives. To find out more, stop by Viva Fairness, Viva Initially and Relm on line. Adhere to us on Fb at https://www.fb.com/MyVivaFirst.
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