Realtify, a Czech PropTech startup, has been acquired by the European PropTech leader PriceHubble, representing a significant milestone for both companies and showcasing the potential for rapid exits in the fintech sector.

Target Information

Realtify is a Czech PropTech company established in December 2019, initially designed to assist individuals in understanding their expenses when purchasing residential properties. Over time, it has evolved into a comprehensive, data-driven tool tailored for real estate professionals, enabling them to make informed decisions based on market insights. Following the launch of its second Minimum Viable Product (MVP), Realtify achieved an impressive Monthly Recurring Revenue (MRR) of 10,000 within three months and subsequently joined the Startup Wise Guys accelerator program in October 2020, specifically participating in the Wise Guys Fintech 4 program held in Vilnius, Lithuania, in collaboration with the European Bank for Reconstruction and Development (EBRD).

Vladislav Kochetov, the founder of Realtify, expressed high regard for the Startup Wise Guys acceleration program, highlighting its educational value, mentorship, networking opportunities, and overall process which equipped him with the necessary skills and motivation to advance his startup. The recent acquisition by PriceHubble marks a significant milestone for Realtify, as the company will now operate under the new name of PriceHubble Czechia, with Kochetov stepping into the role of Managing Director.

Industry Overview

The PropTech industry in Central and Eastern Europe has witnessed substantial growth in recent years, spurred by advancements in technology and the increasing demand for innovative solutions in the real estate sector. The integration of data analytics into property management, mortgage origination, an