South Korean Property Marketplace Zigbang Acquires Housing Management Platform, Movill

January 12, 2021
Share this Post: 

Movill Co. Ltd has been acquired by South Korean property portal, Movill is a two-year-old comprehensive housing management platform and subsidiary of Kakao Pay. 

The move comes after Zigbang launched Zigbang LINK, a service for apartment tenant management offices, last September. To strengthen its entrance into the rental sector, Movill’s acquisition will cinch its hold, providing high-quality residential management services for its users. 

Movill offers a simple way to manage apartments through an app, which users can access anywhere. Movill offers convenient services like voting, monetary transactions, and management notifications while offering residents a way to communicate with their apartment offices. 

Having been a subsidiary of Kakao Pay, Movill brings the same monetary transaction technology with it to Zigbang, connecting Zigbang and Kakao Pay through a strategic partnership to offer a more efficient way for tenants to pay their apartment management offices. 

Ahn Sung-woo, CEO of Zigbang, said:

"Based on the know-how accumulated by Movill and the business partnership with Kakao Pay, we are planning to further expand Zigbang's business."

Other real estate marketplaces are doing the same. In Europe, Idealista announced that it had acquired rental management software company Rentger, which offers managers automated paperwork facilitating to ease their own business transactions. As technology continues to develop, more and more real estate portals are turning towards these technologies to offer not only home hunters and agents but property managers, a more convenient and streamlined experience.

January 12, 2021
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Investment And Funding Roundup 19 July 2024
Investment and Funding Roundup: Lhoopa, StudentTenant,

We've spotted three significant funding and investment movements this week, from an $80 million round in South Asia and two...

Read More
Product Roundup 19 July 2024
Product Roundup: SeLoger, SMG, OnTheMarket, Zoopla, BCG, ViewIT

We've spotted six interesting stories around the world in this week's Product Roundup, including some healthy competition in the UK....

Read More
Costar And
Move Inc. Files Injunction Request Against Unimpressed CoStar

Move Inc. has filed a motion for a preliminary injunction against CoStar and its former employee James Kaminsky from "any...

Read More
Carousell Losses Shrank 40% in 2023 as Recommerce Business Grew

The Southeast Asian e-commerce and classifieds operator Carousell saw revenue rise by 40.5% year-on-year in 2023 according to newly released...

Read More

Editor's Pick