Valocity Company Profile

Background

Valocity is a property technology (proptech) company founded in 2013 by Global CEO Carmen Vicelich. Headquartered in Auckland, New Zealand, Valocity specializes in digitizing and streamlining the property valuation and mortgage lending processes. The company's mission is to make property decision-making more sustainable, transparent, and efficient by leveraging advanced data and technology. Valocity's innovative solutions have been recognized globally, including being named Runner-Up for Global Fintech of the Year at the Singapore Fintech Festival 2022 and winning Fintech Scale-up of the Year at the IFTA Awards 2022.

Key Strategic Focus

Valocity's strategic focus includes:

Core Objectives: Transforming the property valuation and mortgage lending processes through digital innovation to enhance efficiency, transparency, and sustainability.

Areas of Specialization: Developing cloud-based platforms that connect valuers, brokers, lenders, insurers, and consumers, facilitating seamless property decision-making.

Key Technologies Utilized: Advanced data analytics, machine learning, and cloud computing to provide real-time property data, automated valuation models, and digital workflow solutions.

Primary Markets Targeted: Valocity operates in New Zealand, Australia, India, Singapore, and the UAE, aiming to expand its reach in the ASEAN region.

Financials and Funding

Valocity is a privately held company and has been venture capital-backed. Specific details regarding total funds raised, recent funding rounds, and notable investors are not publicly disclosed. The company has utilized its capital to develop and expand its cloud-based valuation platform, enhance data analytics capabilities, and support international growth initiatives.

Pipeline Development

Valocity's pipeline includes the continuous enhancement of its cloud-based valuation platform, integration of advanced data analytics, and expansion into new markets such as the UAE and ASEAN regions. The company is also focusing on developing new modules and features to meet the evolving needs of the property ecosystem.

Technological Platform and Innovation

Valocity's technological platform and innovations include:

Proprietary Technologies: A cloud-based valuation platform that connects valuers, brokers, lenders, insurers, and consumers, facilitating seamless property decision-making.

Significant Scientific Methods: Utilization of advanced data analytics, machine learning, and predictive modeling to provide real-time property data, automated valuation models, and digital workflow solutions.

Leadership Team

Valocity's leadership team comprises:

Carmen Vicelich: Founder and Global CEO, leading the company's vision and strategic direction.

Warren Roodt: CEO – New Zealand, responsible for turning customer needs into valuable business solutions.

Elizabeth Duke: CFO, skilled in finance across technology and manufacturing sectors.

Nathan Scott: Chief Technology Officer, known for driving innovation in information services.

Tim Jenner: Global Chief Product Officer, building high-performing product and data teams worldwide.

Chris Lowe: Chief Digital Officer, helping organizations grow with data-driven digital solutions.

Kerry Stewart: Global Head of People and Partnerships, supporting international growth and registered as a valuer.

Recent significant changes within Valocity's leadership include the appointment of Tim Jenner as Global Chief Product Officer, aiming to fuel next-level innovation and expansion.

Competitor and Market Profile

Market Insights and Dynamics

The property technology market is experiencing rapid growth, driven by the increasing adoption of digital solutions in property valuation and mortgage lending. Valocity operates in a competitive landscape with several key players.

Competitor Analysis

Valocity's primary competitors include:

CoreLogic: A global property information, analytics, and data-enabled services provider.

Black Knight: A provider of integrated technology, data, and analytics solutions to the mortgage and real estate industries.

Kroll: A global provider of risk management solutions, including valuation and advisory services.

These competitors offer similar services in property valuation and mortgage lending, contributing to a dynamic and competitive market environment.

Strategic Collaborations and Partnerships

Valocity has formed significant collaborations, including:

Australian Property Institute (API): An exclusive partnership to empower API members with access to real-time, unconditional sales data and digital property research tools via Valocity’s Nexus platform.

Karnataka Bank: Selected Valocity’s SaaS platform to digitize their mortgage valuation process.

Repco Home Finance Limited (RHFL): Partnered with Valocity to accelerate the digitization of their mortgage appraisal process.

Operational Insights

Valocity's strategic considerations include:

Major Competitors: Navigating a competitive landscape with companies like CoreLogic, Black Knight, and Kroll.

Market Position: Establishing a strong presence in New Zealand, Australia, India, Singapore, and the UAE.

Competitive Advantages: Offering a cloud-based, modular platform that connects the entire property ecosystem, enabling seamless property decision-making.

Strategic Opportunities and Future Directions

Valocity's strategic roadmap includes:

Expansion: Entering new markets such as the UAE and ASEAN regions.

Innovation: Developing new modules and features to meet the evolving needs of the property ecosystem.

Sustainability: Leveraging data capture to drive environmental, social, and governance (ESG) criteria while ensuring transparent customer experiences.