South African startup TransBridj is a fintech platform aiming to redefine property transaction funding through automation and seamless digital integration.
Launched in May but over a year in the making, TransBridj has been built for attorneys, sellers, and realtors, and aims to eliminate manual processes by leveraging smart technology to accelerate deal closures, ensure instant fee settlements, and unlock liquidity.
“With an intuitive, AI-driven interface, TransBridj is a future-first solution transforming real estate funding into a frictionless, tech-powered experience,” Michael Lenz, the startup’s CEO, told Disrupt Africa.
“Collaborating with industry specialists, the platform is a definitive first-to-market and is consistently developing to meet the evolving and complex demands within the prop-tech space.”
The concept of bridging funding is not new, yet the industry is overly reliant on a heavy paper trail using archaic systems and processes, Lenz said.
“We noted that a digitised platform that removes not only the paper-trail but ensures users are paid within 24 hours of deal acceptance was needed. There are also significant development phases evolving the platform into a valuable business tool for conveyancing attorneys and realtors.”
Uptake, he said, has been “overwhelmingly positive”.
“Attorneys are seeing the immediate value to their ecosystem, and realtors are recognising the power of the platform as a business tool and cash flow management solution,” said Lenz.
TransBridj is currently privately-funded. Based in Gauteng but operating nationwide, the startup plans to focus on South Africa over the next fiscal year, after which it is gearing to expand throughout the continent.
“As we expand, we anticipate the need to raise additional capital to support our growth strategy and platform deployment across key regional markets,” said Lenz.
TransBridj charges a discounting fee on the amount funded.
“Once the property deal is concluded and is registered, the amount owing, including an admin fee, is simply transferred from the conveyancing attorney via our secure e-wallet payment rail that is embedded in our system,” Lenz said.