The startup helps make transactions easier and transparent.
“Sourcing for quotations is highly repetitive and tedious, and could take up to three to four weeks,” shares Ted Poh Chen Wei, chief executive officer and founder of Pegaxis, a Singaporean online property management platform. “There is also a lack of transparency over the procurement process, as much of the process is done manually,” he adds.
Pegaxis, which claims to be Singapore’s first and only B2B (business to business) property management marketplace, was founded by a relatively young team consisting of Poh (28), Lim Jun Roong (29), and Jacky Chong Foh Wooi (41). Starting out as a listing directory of local contractors called sgFixIt.com, the business then adopted a marketplace model, using the name Pegaxis in 2016.
Pegaxis helps property managers obtain quotations for property-related services in a structured and transparent manner, and the entire procurement process is trackable. Pegaxis also provides management tools to boost efficiency. “We make it a point to build a platform that is inclusive and user-friendly so that everyone can leverage on our technology if they want to,” notes Poh.
With current funding of S$260,000, Pegaxis is hopeful to further grow in the next few years. Amongst its newest clients is SGX-listed LHN Group. Poh says their plan is to expand the platform offering by implementing new features and expand to more countries.
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