Royal Bank of Canada announced the acquisition of the Canadian operations of the real estate technology company Ojo.

 

Royal Bank of Canada announced the acquisition of the Canadian operations of the real estate technology company Ojo.  Ojo Canada will become part of RBC's portfolio of proptech companies through RBCx.  Through the acquisition, RBC hopes to offer its customers intuitive, digitally enabled, and insights-driven experiences and resources during their home-buying process.  The Texas-based company provides an end-to-end platform for users to buy and sell houses and connect with industry experts.  Launched in 2022, RBCx's portfolio includes other startups, such as MoveSnap, Smart Reno, Dr. Bill, and Garbage Day.  RBC did not disclose the financial details of the acquisition.