Episode Summary:

In this engaging episode of Fintechfun, Chris Titley welcomes Lynda Coker, the innovative co-founder of Co-Operty, to discuss the evolution of her career and the inception of her groundbreaking venture. Linda offers a glimpse into her journey, detailing her transition from the structured world of corporate finance to the dynamic realm of startups.

Following her return to Australia and a trip around the world's vibrant startup hubs, Lynda sheds light on the significance of co-ownership in today's housing market. Co-Operty, her venture co-founded with Liz Rochaix, embodies a solution that grants people collaborative pathways to property ownership. Lynda describes the legal and fractional aspects of co-ownership, tenancy in common, and the importance of having flexible property investment strategies.

Key Takeaways:

• Lynda Coker's extensive background in financial services and venture investment has culminated in the launch of Co-Operty, a fintech platform aiming to make co-ownership of property straightforward and accessible.
• Co-ownership is posited as a viable solution to the housing affordability crisis, with tenancy in common providing a more flexible and protective form of property ownership.
• Co-Operty's MVP primarily targets cohorts such as flatmates, friends, family, and parents seeking to assist their children into the property market, often referred to as the 'Bank of Mum and Dad'.
• Partners such as mortgage brokers play a crucial role in Co-Operty's engagement strategy, helping inform product development tailored to the needs identified at the forefront of the housing market.
• Lynda aspires to expand Co-Operty's offering, envisioning the evolution of their MVP to address broader use cases, white-label services, and potentially the introduction of a fractional loan product.

Notable Quotes:

• "Co-ownership is a real...well, it's not the only solution, but we see it as a solution to address housing affordability." – Lynda Coker
• "I just feel like it's never been very well understood. It's not being digitized, and it's time to sort of empower it and bring it to life..." – LLynda Coker on co-ownership.
• "...it's a better way to help your children and actually help yourself or selves is not gifting the money and co-owning the property." – Lynda Coker on parents investing in property with their children.
• "We want to use this phase to really sort of test and learn." – Lynda Coker on Co-Operty's launch and beta phase.
• "One place I missed off...and I would love to go back to is the Galápagos." – Lynda Coker

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