The Company

DepositMate is an innovative Australian proptech company and a re-seller of Contracoin, a cyptocurrency utility token (CTCN) and stable coin (AUDC) used to facilitate and streamline real estate transactions issued by Contracoin Pty Limited.

Technology Description

Contracoin’ s stablecoin can be used to fully fund or top-up home purchase desposits. DepositMate works with licensed real estate agents, AFSL custodian, quality property developers and vendors to identify residential properties where between 10%  up to 30% of the purchase price may be funded by the use of a non-cash deposit.

DepositMate assists a broad range of buyers that would not, otherwise, be able to purchase residential property:

  • First home buyers with no deposit
  • Parents of first home buyers reluctant to provide personal guarantees
  • Buyers wanting to top-up an inadequate cash deposit
  • Buyers wanting to provide a minimum 20% deposit to avoid the high cost of Lenders Mortgage Insurance
  • Foreign buyers wishing to use cryptocurrency instead of incurring the costs of bank transfers and foreign exchange commissions
  • High net worth buyers preferring to use cryptocurrency and preserve cash for other investments

Australia Contacts:

John Innes – Director

e: johni@businessinnovationgroup.com.au

m: +61 90)408 306 235

Jennifer Vu – Operations & Compliance

e: jenniferv@businessinnovationgroup.com.au

m: +61 (0)424 696 808