Ad Astra Corporate Advisory has snared a mandate to review strategic options for prop-tech start-up Realty Assist, including a fresh equity raise of up to $12.5 million.
Former real estate agent Sam Rettke founded the short-term lending company 18 months ago, and it is already profitable and cash flow positive. Revenues jumped from $30,000 a month last October to more than $10 million in the next financial year.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
