Agora Acquires Clearshift’s Real Estate Division to Enhance Cross-border Payments in Investment Management
Agora, a prominent player in real estate investment management, has announced the acquisition of Clearshift’s real estate division. This acquisition highlights Agora’s dedication to improving investment management and simplifying cross-border payments for globally active real estate firms.
“We are excited to bring Clearshift into the Agora family,” said Bar Mor, Co-Founder and CEO of Agora. “This acquisition is a pivotal step in our mission to offer exceptional investment management solutions. By incorporating Clearshift’s capabilities, we are enhancing our platform to provide streamlined and cost-effective international payments. This partnership sets a new industry standard, driving efficiency and growth for global real estate investment operations.”
Clearshift, a financial technology company, is known for its innovative approach to international payments and transparent processes in the foreign currency payments market. Post-acquisition, Clearshift will continue to manage payment execution and compliance functions, ensuring uninterrupted service and maintaining its operational integrity.
The integration of Clearshift’s real estate division into the Agora platform will offer existing clients a smooth transition with enhanced functionalities. Agora will become the main client-facing interface, delivering powerful and user-friendly investment management tools. For clients not previously using Clearshift, the integration provides a transparent solution for foreign exchange activities, facilitating seamless global distributions and contributions in any currency.
“This acquisition was a natural fit due to the significant customer overlap and Agora’s mission to offer top-tier solutions to our clients,” stated Bar Mor. “This partnership marks a new era of innovation and growth. We are excited to demonstrate the synergies between our platforms. This acquisition is the first of many as we continue to expand our capabilities in the real estate investment industry.”
Clearshift CEO Ari Dobner added, “After years of refining our fund manager payment solution, we recognized that our clients would greatly benefit from a comprehensive investor management solution with seamless payment integration. Agora’s advanced product and talented team perfectly meet this need.”
Agora’s growth story reflects its commitment to excellence and adaptability in a changing market. Its recent Series B funding round emphasizes its growth trajectory and focus on providing innovative solutions in a competitive market. With the acquisition of Clearshift’s real estate division, Agora is set to further expand its impact on the real estate investment management industry.
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By Proptechbuzz
By Ravi Kumar
