Business Summary

PEXA Group Limited is an Australia-based company, which operates a digital property settlements platform. It operates through two segments: PEXA Exchange and PEXA International. The PEXA Exchange segment comprises the Australian Electronic Lodgement Network (ELN) and financial settlement platform, which operates in the Australian electronic conveyancing market. The PEXA Exchange facilitates the collaboration between subscribers (Members) across the property ecosystem to enable the transfer and settlement of transactions in real property. It provides financial settlement of the property transaction through electronic funds transfer at the Reserve Bank of Australia through exchange of value between financial institutions and facilitation of financial disbursements at settlement. The PEXA International segment is engaged in developing an international version of the PEXA Exchange platform that is intended to provide a digital property settlement solution for new jurisdictions.