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Amidst real estate industry transformation, Perchwell raises $25M Series B to further empower agents

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Led by Lux Capital with participation from leading real estate operators and investors

NEW YORK, July 30, 2024 /PRNewswire/ — Perchwell, the modern data and workflow platform for residential real estate, today announced its $25 million Series B financing. Lux Capital, who participated in the company’s Series A, is leading the funding and is joined by a group of strategic real estate and financial investors including Starwood Capital Group, Flex Capital, Stellar MLS, REcolorado MLS, and California Regional MLS (CRMLS). The capital influx will accelerate delivering best-in-class software to MLSs and brokerages in New York City and nationwide. Among other features, Perchwell’s product development will focus on AI related to data and workflow enhancements that empower real estate professionals to enhance their services and generate more revenue.

“At Perchwell, we are elevating the way real estate agents convey value to their clients,” noted Brendan Fairbanks, CEO of Perchwell. “We provide agents with powerful property-centric data in web and mobile platforms under a single seamless solution, empowering them to deliver accurate, precise guidance at a moment’s notice.”

As the real estate industry undergoes significant change and the value of agent services remains under a critical spotlight, MLSs and brokerages are demanding cutting-edge technology and data solutions to better serve homebuyers and sellers. Perchwell offers the modern end-to-end solution, streamlining workflows and providing professionals with state-of-the-art tooling to compete in this evolving landscape. The platform puts the MLS at the center of a modern tech ecosystem and features listing data enriched with supplemental data sets, plug-and-play APIs, powerful market analytics, and comprehensive mobile apps designed to help agents thrive in today’s ever-demanding environment. 

“While other industries rely on integrated software tools to manage their work, real estate professionals still spend much of their time shuffling between disjointed MLS data repositories, search portals, and various other point solutions,” says Peter Hébert, Co-founder and Managing Partner at Lux Capital, who will be joining Perchwell’s board of directors. “Perchwell is setting the new industry standard by bringing all that tooling into a complete and modern software platform. Agents nationwide have come to trust Perchwell to provide an indispensable competitive advantage in today’s dynamic real estate market.”

Merri Jo Cowen, CEO of Stellar MLS, one of the largest MLSs in the U.S. with more than 84,000 customers, commented, “Perchwell is enriching the MLS user experience, and advancing the core values of the MLS, giving agents a new edge to showcase their value. We are honored to be investors in Perchwell, knowing that the ongoing evolution of superior MLS systems/services fits with our commitment to bring success to brokers and agents.”

“This financing will add fuel and speed to our expansion and broaden features of our platform, empowering agents as trusted advisors to their homebuyers and sellers,” said Fairbanks. “We are grateful for the support of Lux, our MLS partners, and all Series B investors.”

About Perchwell:
Perchwell is the modern data and workflow technology platform for the residential real estate industry. Perchwell’s product offering includes a suite of data management, market research, and client collaboration tools for MLSs, brokers, and agents. For more information, please visit perchwell.com.

Media Contact
Christine Jacobson
LCLC Consulting
christine@lclcconsulting.com

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SOURCE Perchwell

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Experience the Innovation: MyCONECT Launches at Nostalgia Hotel, Singapore

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Nostalgia Hotel Enhances Guest Experience with MyCONECT App, Streamlining Services and Cutting Check-In Times by 70%.

SINGAPORE, Oct. 2, 2024 /PRNewswire-PRWeb/ — MyCONECT.biz, a pioneering provider of platform solutions for the hospitality industry, is thrilled to announce the successful onboarding of their first customer in Singapore: Nostalgia Hotel. This partnership highlights MyCONECT’s commitment to enhancing guest services through a unique digital ecosystem, specifically tailored to optimize business operations and elevate the guest experience.

Nostalgia Hotel, known for its charm and exceptional service, is now adopting MyCONECT’s innovative suite of applications, including the Guest App and Staff Apps. These tools enable the hotel to streamline various services, from room make-up requests to self-check-in/check-out with E-Visitor Authentication (EVA), ensuring a seamless and delightful stay for their guests. With the integration of EVA, the manual process of checking guests’ passports for stay validity will be automated and the check-in time is expected to be reduced by up to 70%. This will in turn free up the front office staff so they can spend more time engaging guests. In addition, the system will eliminate the large amounts of paperwork previously required from the front office staff and enhance productivity and efficiency.

The app’s intuitive interface and user-friendly features have been well-received by Nostalgia Hotel guests. “The MyCONECT app has been a game-changer for our guests,” remarked Colleen Chan, General Manager of Nostalgia Hotel. “It has streamlined the check-in process, reduced front desk inquiries, and enhanced overall guest satisfaction.”

James Kim, Founder of MyCONECT.biz, shared his vision for the partnership: “Nostalgia Hotel is the perfect launch partner for MyCONECT in Singapore. Our platform is designed to create a cohesive and personalized digital ecosystem for hotels, and seeing it come to life at a property like Nostalgia is incredibly rewarding. We look forward to transforming guest services, and launching more solutions across the region.”

For guests at Nostalgia Hotel, the MyCONECT app is a new digital tool designed to streamline guest services and enhance their overall stay experience. With features like on-demand room servicing, E-Visitor Authentication for self-check-in/check-out, and real-time service requests, the app ensures convenience is just a scan away. Guests can simply download MyCONECT by scanning a QR code available across the hotel or by searching for “MyCONECT” in their app store, signing up, and enjoying a smoother, more personalized stay.

The implementation of MyCONECT at Nostalgia Hotel allows guests to effortlessly connect to services such as advance booking, self-check-in and check-out, and real-time service requests, making their stay more comfortable and enjoyable. MyCONECT not only provides these conveniences but also offers other customizable solutions like digital keys, staff communication, two-way PMS integration, and smart valet solutions, further enhancing the guest experience and operational efficiency.

MyCONECT has also signed contracts with J Suites International and Hotel Ciputra Jakarta and plans to develop a PMS interface to showcase to hotel guests soon.

For more information about MyCONECT and their innovative solutions, visit http://www.myconect.biz.

Media Contact

Aishwarya Selvan, MyConect Co., Ltd., +821098015563, aishwarya.selvan@myconect.biz, https://www.myconect.biz/ 

View original content to download multimedia:https://www.prweb.com/releases/experience-the-innovation-myconect-launches-at-nostalgia-hotel-singapore-302266198.html

SOURCE MyConect Co., Ltd.

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TOTAL PLAY ISSUES $2,500 MILLION PESOS OF SECURED CERTIFICADOS BURSATILES

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MEXICO CITY, Oct. 2, 2024 /PRNewswire/ — Total Play Telecomunicaciones, S.A.P.I. de C.V. (“Total Play”), a leading telecommunications company in Mexico, which offers internet access, pay television and telephony services, through one of the largest 100% fiber optic networks in the country, announced today it successfully issued Secured Certificados Bursátiles for $ 2,500 million pesos, at three years and at a rate of TIIE + 300 basis points. The proceeds will be used to strengthen the company’s working capital.

The issuance represents a vote of confidence from the financial community in the growing cash generation of Total Play, the company’s financial strength and the favorable business prospects.

About Total Play

Total Play is a leading Triple Play provider in Mexico that, thanks to the widest direct-to-home fiber optic network in the country, offers entertainment and technologically advanced services with the highest quality and speed in the market. For the latest news and updates about Total Play, visit: www.totalplay.com.mx.

Total Play is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating economic value through market innovation and goods and services that improve standards of living; social value to improve community well-being; and environmental value by reducing the negative impact of its business activities. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. Each of the Grupo Salinas companies operates independently, with its own management, board of directors, and shareholders. Grupo Salinas has no equity holdings. The group of companies shares a common vision, values, and strategies for achieving rapid growth, superior results, and world-class performance.

Except for historical information, the matters discussed in this press release are concepts about the future that involve risks and uncertainty that may cause actual results to differ materially from those projected. Other risks that may affect Total Play and its subsidiaries are presented in documents sent to the securities authorities.

Investor Relations:

Bruno Rangel

Rolando Villarreal

+ 52 (55) 1720 9167

+ 52 (55) 1720 9167

jrangelk@totalplay.com.mx

rvillarreal@totalplay.com.mx

Press Relations:

Luciano Pascoe

Tel. +52 (55) 1720 1313 ext. 36553

lpascoe@gruposalinas.com.mx

 

View original content:https://www.prnewswire.com/news-releases/total-play-issues-2-500-million-pesos-of-secured-certificados-bursatiles-302266238.html

SOURCE Total Play Telecomunicaciones, S.A.P.I. de C.V.

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Payment Asia to Support Digital Transformation in Hong Kong’s F&B Industry

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HONG KONG, Oct. 3, 2024 /PRNewswire/ — Payment Asia is excited to announce a new initiative to empower small and medium-sized enterprises (SMEs) in Food and Beverage (F&B) sector and help them expand their businesses. In the exclusive collaboration with PAO Bank Limited (PAObank), the first virtual bank in Hong Kong specializing in SME banking services, Payment Asia aims to help local restaurants and food businesses enhance cash flow and expedite digital transformation, enabling them to capitalize on emerging opportunities in the rapidly evolving market.

Payment Asia offers a comprehensive range of electronic payment solutions for SME enterprises. Through one of its business units, PA Financial, which operates as a licensed financial service provider in Hong Kong, the company facilitates the seamless integration of loan applications with comprehensive digital marketing services, creating a convenient one-stop channel for SMEs looking to expand their businesses and improve liquidity.

As one of the leading virtual banks focused on SMEs in Hong Kong, PAObank offers a range of convenient and cost-effective digital financial solutions designed specifically for SMEs, supporting them in seizing market opportunities.

“We are proud to partner with PAObank to support the F&B industry in Hong Kong,” said Paul Tang, COO at Payment Asia. “This collaboration represents our commitment to empowering local businesses through innovative financial solutions and helping them thrive in a digital-first environment.”

Hannah Hui, Deputy Chief Executive at PAObank, stated, “PAObank is fully committed to supporting the business needs of SMEs, and our partnership with Payment Asia enables us to build stronger connections with SMEs in the F&B sector. Leveraging PAObank’s fintech capabilities, we aim to bridge the gap between traditional financing and restaurant owners’ capital needs, providing them with the sufficient cash reserves they need in an increasingly competitive marketplace.”

In support of this initiative, Payment Asia and PAO Bank will host a free seminar next week to share the latest digital marketing strategies and F&B business trends. This event serves as an excellent opportunity for local F&B entrepreneurs to gain valuable insights and guidance tailored to their specific needs.

Seminar theme: Seizing the Opportunity-The Path to Digital Transformation in the F&B Industry
Date: October 10, 2024
Time: 15:00
Venue: 17F, Upper Living, 165 Hoi Bun Road, Kwun Tong, Hong Kong
Contact: efactor@paymentasia.com

About Payment Asia
Established in 1999, Payment Asia has been committed to providing innovative online payment technology, and electronic payment solutions for SME enterprises and even multinational companies in Asia. Payment Asia prepares simple and time-saving online payment systems for customers, covering credit cards, debit cards, e-wallets, and tailor-made omnichannel payment solutions including digital asset gateway for enterprises. In the past 10 years, we have actively innovated and added elements such as digital marketing, e-commerce solutions, and AI consulting to our business to meet the needs of merchants. Payment Asia has developed rapidly and has served more than 12,000 local and overseas merchants.

About PAO Bank Limited
PAO Bank Limited (“PAObank”), a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An“) (SEHK: 2318; SSE: 601318), is committed to fostering financial inclusion and establishing a virtual banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via digital channels. PAObank is expanding diverse business segments including retail banking and SME banking.

View original content:https://www.prnewswire.com/apac/news-releases/payment-asia-to-support-digital-transformation-in-hong-kongs-fb-industry-302265696.html

SOURCE Payment Asia

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