Movill Co. Ltd has been acquired by South Korean property portal, Zigbang.com. 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.