Bricks and Agent forges $9m deal with Hipages

Bricks and Agent forges $9m deal with Hipages

Proptech scaleup Bricks and Agents has entered a $9m partnership with Hipages to create Australia’s largest online “tradie” marketplace.

Hipages Group, which raised more than $100 million in an initial public offering (IPO) 12 months ago, has put $6.25 into the deal.

It gives Bricks and Agent access to Hipages’ network of more than 31,000 tradespeople, while the 21,000 contractors on its own platform will now receive requests made through Hipages.

Both companies are dedicated to transforming the property management and “tradie” sectors with software platforms that make the booking and payment of contractors more efficient.

Co-founder of Bricks and Agent, Rafael Niesten, said the agreement would allow his company to strengthen its hold on the domestic market, build new services and expand overseas.

The company would focus on new revenue streams from owner and tenant maintenance requests that did not involve a property management agency. End-of-lease cleaning and gardening services were likely target areas, he said.

 “These integrations and initiatives will roll out over the coming months,” said Mr Niesten. “They will add significant benefit for property managers, owners, tenants and trades.”

Property management agencies would generate additional revenue and save time and money using the Bricks and Agent platform.

Raf added: “This partnership brings together two founder-led Australian success stories, which use technology-enabled solutions to disrupt the trade and property management industries.”