Melbourne-based operator of PEXA, an online property exchange platform for electronic conveyancing in Australia.
Based in Melbourne, Australia, Property Exchange Australia Limited, trading as PEXA, was founded in 2010 as National Electronic Conveyancing Development Limited. Its online platform lets land registries, banks and conveyancers transact together, reducing paperwork and bank cheques with electronic lodgement and real-time fund transfers. Members pay per successful transaction. In January 2019 Commonwealth Bank of Australia, Link Group and Morgan Stanley Infrastructure Partners completed the purchase of the company at a value of AUD 1.6 billion. CEO Glenn King leads it.
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