My guest this week is the founder of a powerful agency proptech - Shaun Moriarty, co-founder and CEO of Campaign Agent.
Shaun had more than 15 years experience in financial services, strategic risk management for new markets and technology, before a conversation on a ski-lift with an old friend who worked in real estate led to the formulation of CampaignAgent - a proptech that provides payment solutions for real estate agencies - in the form of easy to access finance for vendor paid marketing, agent commissions and even a form of bridging finance.
In this interview we talk about the depth and breadth of the real estate finance space which is much bigger than I realised. According to Shaun, the average marketing expenses of a sales campaign is around $4,900 a property and when you offer financial solutions to sellers, they are likely to invest 10 to 20% more in their campaigns.
And his skiing mate, Seth Watts, well he became his co-founder.
The Homes for homes link:
02:01 - The Campaign Agent elevator pitch
7:35 - How big of a barrier has finding money upfront been?
12:15 - How many people use it?
16:51 - Where did the idea come from?
20:18 - Four key products
25:34 - What objections do you get from agencies?
30:13 - About data and fascinating insights
35:04 - Vision for the future