Singapore's PropertyGuru plans fintech thrust to conquer ASEAN

Real estate listings unicorn taps U.S. SPAC to build finance arm

20211004 PropertyGuru website

Singapore’s PropertyGuru is set to become a publicly-listed firm on the New York Stock Exchange by way of merging with a SPAC backed by billionaires Richard Li and Peter Thiel. © PropertyGuru (screenshot of website)

DYLAN LOH, Nikkei staff writer

SINGAPORE -- Singapore's PropertyGuru aims to rapidly expand its financial services arm as it prepares for a U.S. market debut and a future beyond its core business in real estate listing.

CEO and managing director Hari V. Krishnan told Nikkei Asia in an interview that financial technology will play a big role in the company's transformation, saying its background in property will help it create a more complete fintech product.

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