Specialist Aussie Portal Downsizer.com Raises A$3.75 Million

March 21, 2023
Share this Post: 

Sydney-based startup Downsizer recently secured A$3.75 million in seed capital from Correlation Australia Holdings (CAH), along with existing shareholders such as family offices and high-net-worth individuals.

The total raised to date now stands at $6.1 million with the latest funds to be used to accelerate Downsizer's growth.

Founded in 2019 Downsizer is an online real estate marketplace business that offers digital solutions to the finance, property, and insurance sectors, aimed at helping people transition to a smaller home while improving their lifestyle and finances.

The company's SaaS platform operates at the intersection of fintech, proptech, and insurtech. Downsizer's Deposit Power Downsizer Bond, for example, enables homeowners to use their equity to back a deposit bond and secure a new property without a cash deposit. This simplifies the home transition process for older owner-occupiers who may not pass a traditional credit assessment.

“Our mission is to help downsizers achieve their desired home transition, so they can stop worrying and start living! We’re thrilled to welcome Correlation and Lombard as investors and business partners. Culturally and commercially it’s a great fit," said cofounder and MD Mark Macduffie.

Downsizer's technology is helping property developers, real estate agents, financial advisors, mortgage brokers, lenders, insurance brokers, and underwriters to engage with Baby Boomers and Gen Xers aged 50+ years.

The platform provides digital content and market insights and also has a national property marketplace where developers can list off-the-plan properties and access a real-time sales dashboard. Downsizer competes directly with the established marketplace Downsizing.com.au founded in 2003.

Read more

March 21, 2023
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

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

Nils K
Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems

"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch...

Read More
Untitled Design 13
As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal

The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with...

Read More
Untitled Design 12
LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend

LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed...

Read More
Number 2S Challenging Hero Image 2
Analysis: Can Zoopla, Realtor.com and Domain See Off Challengers and Close the Gap to Market Leaders?

Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its...

Read More

Editor's Pick