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eMonitor
Wednesday, Oct. 25, 2017 · 12:58 p.m. · 05m 12s
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sticking around and then you know from the monitor
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when have you last search for the whole or an apartment
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and thought on this sucks i'm from up sell i'm i'm very short i i
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like she's i'm i'm basically ha but so i when his or egg
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um was looking for how but home and it's terrible you can't find how
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buttons on on the most got so i've actually did find something
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i said in my paper application and waited two weeks called the dude any
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set oh sorry just took the first one you're out a lock so
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sucks for me sex for him because he has to go through a whole pile of applications what's the solution
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we built an on line rental application software that digitise
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is the entire application process so no more paper
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uh documents if to send in everything's online the apartment manager
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goes through the whole process with our software makes a lot easier for us and makes a lot easier for him
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so i mean it's not very novel this idea where does the magic kicking
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it's in the data with the data we know who applies to what apartment
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with that data we can build systems that enables you to
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match apartments so i get basically match with my
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hobby home um the application manager doesn't have to go through the whole process you just get a
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yes or no on me if i fit or not if i can pay or not
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and we can tell real estate investors what the demand is for apartments so basically
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they only bills what is in the man's and people move in only
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departments they want reducing costs for him and enhancing is raleigh
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so we've been on the market for two years now three years now um we have twenty
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thousand rental units integrated in their application two thousand units are being rented out right now
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we've doubled our turnover from compared to last year more than double that
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and we're pretty proud to have customers like up it said which is switzerland's
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largest cooperative with ten thousand rental units city of zurich c. d. of
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pause well and we just signed a deal with a client in
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munich with its thousand city a lot of rental units sorry
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so um we're team of passionate real estate and application developers
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our heart heart as with data and with enhancing living quality in building better cities
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we've been working together since for years and as somebody else that i'm
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only the creation the real brain is the rest of the team
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we are currently still bootstrap um we're looking for a minimum of
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one frank of funding so my guess is one million
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and we would use upper product enhancement and we would like to scale in germany and
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austria off as you are you have a pretty good to stand in switzerland
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yeah that's a tough question
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you still with me off place
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competition
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uh the other kong uh you have a special those somebody mine
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applied but well i think they i don't know their product to well uh in terms of competition we never had
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a client that's that that would be using to pry apart so i can't really say anything on that
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we have our competition uncertain is flat fox which has
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a very it's similar product but a different markets
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so they're more in the beaches you market more in a in a
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in a marketing position we are real p. to be software
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it has a lot more around in the back and like data i license reports
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a credit checks all things that you don't need any beaches beaches c. market that are very important to
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be to be market and with different yeah i think that's not a character thank you very much
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one more question please
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sorry this challenge at the moment beside financing greatest to
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the greatest challenge um let me think of oh
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pitching i guess we're now so it's a very low um we are we're we're we're having a lot
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of fun with the product we're developing we have a lot of traction it's going very good
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and of course of the biggest challenges probably getting the people
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like an analyst data now enhance our algorithms that um
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we can actually pay or not uh not art getting caught up the market by cool
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which is pretty strong indirect as well and we're also basins or work so
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that's a bit of a challenge we're facing okay thank you much i stop here hard look for the final
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