Transactly Acquires Moncord Real Estate Professional Services

Transactly-Moncord-real-estate-tech

Saint Charles, MO — Transactly, a rapidly growing Real Estate Transaction Platform, has announced the acquisition of Moncord Real Estate Professional Services based in Bellevue, Washington. With this acquisition, Transactly further expands their national network of tech-enabled Transaction Coordinators — already the largest in North America — to include Moncord’s vast team of coordinators in the Pacific Northwest.

“We are excited to welcome Moncord into the Transactly family,” says Transactly founder and CEO Bryan Bowles. “Alex and Lisa Mont-Ros have built an incredible team of talented individuals at Moncord. This acquisition significantly increases Transactly’s ability to serve agents, teams, and brokerages in all key markets across the country.”

Moncord was founded by Alex and Lisa Mont-Ros, a husband and wife duo whose leadership in recent years has grown Moncord into the leading transaction coordination service in the Pacific Northwest, helping their clients close over $5 billion in transactions. “This is a natural next step for Moncord,” said Alex of the acquisition, “Our goal has always been to empower TCs so they can be their best, which enables real estate agents to focus on efficiency and growth. With Transactly’s ever-improving tech — which truly stands alone in the industry — our coordinators will continue to deliver the level of excellence which clients have come to expect from both Moncord and Transactly.”

Transactly has retained all existing Moncord staff, and is enrolling all transaction coordinators and clients into their technology platform to ensure an ever-improving digital client experience — something that is otherwise lacking in the real estate industry.

This acquisition is the latest news to come out of the Transactly camp in what has already been a banner year for the company. “We grew revenue by 700% from 2019 to 2020,” commented Bowles. “We’re on track, and expect to have the same amount of growth again in 2021.” Transactly has grown at a pace greater than 25% month over month, on average, over the last 12 months.

Transactly announced in March that they had raised $3M in bridge funding, bringing strategic investors in preparation for raising Series A round of capital by Q3 2021. Those investors include Second Century Ventures, the venture capital arm of the National Association of Realtors®. One month later Transactly announced the acquisition of Florida-based SoMo Transactions.

 

About Transactly

Transactly is headquartered in St. Louis, Missouri, and was founded in 2017 by Bryan Bowles. Transactly’s mission is to be the platform of choice for the people and companies involved in real estate transactions. Transactly’s platform provides the largest team of tech-enabled transaction coordinators in North America.

Posted in: Real Estate Tips