Quext Buys Vast majority Stake in Fintech Viva Equity Producing Embedded Finance Possibility in Multi-family members Proptech | Enterprise

LUBBOCK, Texas–(Organization WIRE)–Jul 13, 2021–

Quext, a good creating and property management platform constructed by multi-household and condominium marketplace authorities, currently announced its the vast majority stake acquisition of Viva Equity. Viva Equity’s present-day product choices are Viva To start with, the initial digital financial institution developed with Latinos in mind—developed to empower and dignify banking for the Spanish language community— and Relm, a way of life banking app specific to school college students, renters and underserved communities. This innovative partnership prioritizes the unbanked and less than-banked, by supplying them with resources to turn into fiscally secure, even though concurrently reducing operators’ charges. For the Quext main system, owning the skill to employ embedded finance technology opens the door for many improvements in the proptech place.

“We deal with finance as a proper, not a privilege,” said Jim Simpson, co-founder of Viva Fairness. “Viva First and Relm fill a big gap in the market by giving banking providers to persons who may be overlooked elsewhere. Our partnership with Quext, an impressive proptech remedies developer, allows us to improved support the communities we provide by tapping into the thriving multi-family members housing field.”

Viva Equity’s solution to financial literacy delivers the person with the applications essential to make financial selections on their personal. Powered by equipment finding out technological innovation, Viva Equity’s cell banking options were made to support underserved populations create credit, persuade economically savvy determination-producing, and set buyers up for success in their upcoming financial endeavors. By supplying banking solutions for absolutely everyone, Viva Fairness paves the way for additional inclusive and effortless banking and payment possibilities in the industry.

“Acquiring Viva Fairness was a all-natural suit for us due to the fact of our shared mission to put the resident first,” stated Dave Gilles, CEO of Quext. “Quext will go to any length to enhance the life of our residents and operators, and Viva Fairness provides the excellent avenue for us to do that. In our mission to democratize technological innovation options, the chance to leverage embedded finance throughout the Quext main system is a large gain. Viva Fairness shares that similar core best.”

One particular crystal clear illustration of these synergies is a plan to eradicate in-particular person rent payments. These days, a superior proportion of inhabitants in workforce housing pay back their hire by way of dollars orders, which is incredibly inconvenient for the resident and operator alike. They are also extremely prone to fraud and present additional costs to each parties. Viva Fairness assists a mostly unbanked population obtain lender accounts, help you save funds by removing verify cashing expenses and make payments through debit and credit playing cards. For multi-family operators, this remedy gets rid of time-consuming handbook entry, opening an prospect to much better provide people.

Quext will attribute some of these answers at the National Apartment Association’s Apartmentalize meeting August 31 – September 2, in Chicago.

About Quext

Quext is a video game-switching technological innovation and software firm that would make smarter conclusions brilliantly straightforward. Produced by sector professionals, Quext reimagines apartment know-how with goods that operate seamlessly collectively delivering the simplest-to-learn, most intuitive, all-in-one particular, cloud-centered apartment community nerve heart ever presented. Main platform innovations involve world-wide-web of things, assets management, digital human purchaser assistance, significant-pace net, and residence websites. Quext is a people today-centric agency backed by Madera Residential, an sector leader in multi-spouse and children housing investment and home administration. Headquartered in Lubbock, TX, the business was recognized as a winner of the Intense Wireless IoT Challenge 2020. To study a lot more, pay a visit to https://onequext.com/ or adhere to us on Fb at https://www.fb.com/onequext.

About Viva Fairness

Viva Fairness is a fiscal technology agency centered on embedded finance solutions for underserved communities. Launched by nationally acknowledged banking technologists and experienced marketplace executives, Viva Fairness created the 1st electronic-only bank, Viva Initial, developed with the Latino group in intellect. Alongside with its college university student targeted alternative, Relm, Viva Fairness generates highly personalised social life style and fiscal products and services with a heart and target on the unbanked and less than-banked. Making use of machine mastering, education and learning and native language, Viva Fairness strives to remove obstacles and dignify banking expert services using one of a kind engineering options. To study far more, visit Viva Equity,Viva Initial and Relm online. Adhere to us on Facebook at https://www.fb.com/MyVivaFirst.

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PUB: 07/13/2021 09:04 AM/DISC: 07/13/2021 09:04 AM

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