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Clever Real Estate, a St. Louis, MO-based real estate education and technology company, acquired Gravy Technologies, a St. Charles, MO-based startup that has built loyalty rewards platform for first-time home buyers.
The amount of the deal was not disclosed.
With the acquisition, Clever Real Estate will expand its offerings.
Gravy’s Team, led by co-founders Jeff Dinter, Jimmy Lien, and Will Dunn, will join the Clever team.
Gravy was launched in 2021 to gamify the home-buying journey with a rewards program and financial fitness tools that help aspiring homeowners get mortgage-ready faster. To date, its app has helped over 30,000 people prepare for homeownership and earn $20M in rewards. In addition to its consumer app, Gravy also provides a “loyalty-as-a-service” (LaaS) solution for real estate agents and mortgage lenders to offer a white-labeled loyalty app to its customers.
Led by Luke Babich, co-founder and CEO, Clever Real Estate provides a realtor-matching platform that helps home sellers and buyers compare personalized realtor matches and save up to 50% of the typical fees. Its network spans 20,000 agents across all 50 states. The company recently launched Clever Pro, an all-in-one solution that empowers mortgage lenders to drive higher profits and provide more value to home buyers.