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Sign into your accountTransactly Acquires SoMo Transactions, Expands National Network of Transaction Coordinators
April 06 2021
Saint Louis, MO -- Transactly, the leading real estate transaction platform providing tech-enabled transaction coordinators across North America, has officially acquired SoMo Transactions, a real estate service company based in Flagler Beach, Fla. On Feb. 26, SoMo joined Transactly's nationwide network of transaction coordinators, already the nation's largest, to better serve agents, teams, and brokerages.
"Transactly is designed to simplify and streamline real estate transactions," explains Transactly founder and CEO Bryan Bowles. "Our proprietary technology helps those we serve – and our Transactly Coordinators – to be more efficient and out-perform industry standards. Bringing the team at SoMo Transactions on board allows us to offer an even larger number of experienced transaction coordinators across important U.S. markets."
Transactly has retained all existing SoMo staff, and has enrolled the transaction coordinators into their stringent training program to ensure ever-improving client experience.
This acquisition comes on the heels of a year of tremendous growth for Transactly. "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 recently raised $3M in bridge funding, bringing strategic investors in preparation for raising Series A round of capital by Q3 2021.
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.