Chanticleer
PEXA’s offshore venture shows much-needed proof of life
Going global has brought plenty of successful Australian businesses undone. This unheralded tech unicorn needed proof it was making headway – and it found some.
It never ceases to amaze how investor sentiment can turn on a dime. All it takes is one announcement – a new customer contract, a minerals discovery, a clinical trial – and a waste of money can quickly turn into a major opportunity.
PEXA, which built the platform used to settle most Australian property transactions and is part-owned by Commonwealth Bank, had its breakthrough 10 days ago.
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