REALas, start-ups and learning to talk corporate

“I think there is still some work to be done and some learning to be done from both sides,” he said. “[Particularly around] start-ups learning how to speak to corporates, and corporates knowing how to speak to those in start-up land. They’re two different languages.” 

"Start-ups and corporates speak two different languages.” -  Josh Rowe

ANZ has announced the acquisition of REALas in a bid to offer customers broader information about the property market. The group – which will operate as a wholly owned subsidiary of ANZ - offers an algorithm which analyses and forecasts prices on listed properties.

Rowe said while the decision to join ANZ had changed the group he was confident it will still be able to operate with the required agility.

“REALas as a start-up had less resources and was very nimble and could make decisions on the fly,” he said. “(But) because it had less resources it wasn’t always able to invest and be as well-known as it could have been.“

“Now where we are at ANZ we certainly have more resources to do the work we need to do, both from a technology and an awareness perspective - but we’ve been able to be just as agile.” 

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Andrew Cornell is managing editor at bluenotes