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Big 4 bank makes move into property management

Australia’s biggest bank is dipping its toe into property management, becoming a cornerstone investor in a $25 million capital raise by proptech platform Different.

Angus Sullivan (left), Toby Norton-Smith, Mina Radhakrishnan and Ruwin Perera celebrating the new partnerships.
Angus Sullivan (left), Toby Norton-Smith, Mina Radhakrishnan and Ruwin Perera celebrating the new partnerships. (Image source: Shutterstock.com)

Australia’s biggest bank is dipping its toe into property management, becoming a cornerstone investor in a $25 million capital raise by proptech platform Different.

The digital property management platform announced it had raised $25 million this week, attracting the backing of the Commonwealth Bank’s start-up accelerating division x15ventures, as well as global venture capital heavyweight Antler, as it embarks on a major national expansion.

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