PropertyGuru Announces New Partnership

PropertyGuru has announced a partnership with CTOS—Malaysia’s leading Credit Reporting Agency—which the company says will accelerate its investment in proptech innovation.

The terms of the partnership will allow both companies to collaborate on advancements in property-related technology.

As part of the deal, PropertyGuru consumers will get access to free CTOS reports and educational materials. The partnership follows PropertyGuru's intentions to provide better FinTech solutions to customers as part of a holisitic offering.

Erick Hamburger, CEO at CTOS Digital group, said:

"Our partnership with PropertyGuru promises the start of a long and rewarding relationship between both companies with a joint aim to redefine customer experience in the real estate industry in Malaysia."

CTOS is Malaysia's number one credit reporting agency, which facilitates credit extensions by giving individuals and businesses greater access to educational information around financing. The company also offers credit risk management services and solutions.

PropertyGuru has had a busy year, including an IPO in March this year, and it reported a S$5m EBITDA turnaround in its recent financial results. The company is one of the most dominant portal providers in south Asia, with market-leading presence in nations including Thailand, Singapore and Vietnam.

Nevertheless, the company has ambitions of being south Asia's go-total owner across the board, with work to do in Indonesia to overtake 99.co.