Axiom Properties Posts Strong PaySure Growth, Raises $1M, Plans Rebrand
Axiom Properties Limited reports strong growth in its PaySure division, launches a new Settlement Advance product, and secures $1 million in fresh capital as it prepares to rebrand as Axtec Limited.
- PaySure exceeds budget with strong revenue growth and cost control
- Launch of Settlement Advance product integrated with Securexchange
- $1 million capital raise post-quarter and proposed $1.675 million equity injection
- Glenlea Estate fully sold, enabling focus on property technology
- Company to rebrand as Axtec Limited reflecting PropTech transformation
Strong Performance from PaySure
Axiom Properties Limited (ASX, AXI) has delivered a robust quarterly performance through its wholly owned PaySure platform, a cornerstone of its evolving property technology strategy. The division outperformed expectations with net operating results ahead of budget, driven by sustained revenue growth and disciplined cost management. This underscores the scalability and efficiency of PaySure’s secure, compliant operating model, positioning it as a leader in property finance technology.
Innovative Product Launch and Strategic Partnerships
The quarter saw PaySure advance its product innovation pipeline, notably with the launch of the Settlement Advance product. This new offering provides property owners with a secure, convenient way to bridge the financial gap between buying and selling properties. Integrated with Securexchange, a prominent legal technology platform, this product grants PaySure exclusive access to a broad national network of property owners and industry professionals, reinforcing Axiom’s vision of embedding automated payments and lending solutions seamlessly across the property lifecycle.
Platform Development and Broader Technology Integration
Continued investment in PaySure’s AI-enabled automation platform aims to enhance efficiency and compliance for real estate agencies. Built on enterprise-grade infrastructure, the platform integrates payments, lending, and workflow automation to deliver a secure, streamlined digital experience. Simultaneously, Axiom is consolidating its wider technology portfolio under a unified platform strategy to simplify operations and unlock recurring revenue streams across its real estate ecosystem.
Capital Management and Corporate Focus
Following the full divestment of its Glenlea Estate residential subdivision project in Mount Barker, South Australia, Axiom is focusing its resources on becoming a pure-play real estate technology business. The company’s cash reserves decreased by $2.625 million during the quarter, primarily due to loan repayments. However, a subsequent $1 million capital raise and proposed $1.675 million equity and convertible note injections, subject to shareholder approval at the upcoming AGM, aim to bolster the company’s financial position. With $28.1 million in available funding, Axiom estimates it has sufficient runway for approximately 17.5 quarters.
Rebranding to Reflect Strategic Evolution
Reflecting its transformation into a fully integrated property technology platform, Axiom plans to rename itself Axtec Limited, pending shareholder approval. This rebranding signals a clear strategic shift away from property development towards technology-driven solutions that automate payments, compliance, and workflows across the property lifecycle.
Bottom Line?
As Axiom pivots fully into PropTech with new products and capital, investors will watch closely for adoption momentum and financial traction.
Questions in the middle?
- How quickly will the Settlement Advance product gain traction in the national property market?
- What impact will the proposed capital injections have on Axiom’s growth and operational runway?
- How will the rebranding to Axtec Limited influence market perception and investor confidence?
