Perry Rahbar on dv01’s acquisition of Pragmic Technologies
Today’s HousingWire Daily features an interview with Perry Rahbar, the founder and CEO of dv01. In this episode, the 2020 HW Tech Trendsetter discusses this year’s fintech market, as well as his company’s latest acquisition of Pragmic Technologies.
Here is a small preview of the interview with Rahbar. The transcript below has been lightly edited for length and clarity.
Alcynna Lloyd: Earlier this month, dv01 announced it had acquired Pragmic Technologies following its series B3 funding round. Can you tell us about the acquisition and how Pragmic Technologies fits into the business model?
Perry Rahbar: My vision for dv01, although we are still years from it, is to get to a point where we are what everyone in the structure products market spends most of their day on. That means we have to have data across every asset class. Whether it’s portfolio-level data securitization or data market data sets, we have to have it across consumers, students, autos and mortgages being the biggest one. To date, we’ve been focused on non-agency mortgages and we’ve been making some progress there. That being said, we never really had an agency strategy. When I met Charlie Oshman, one of the founders of Pragmatic, he had this idea on how he could disrupt the agency market and it made a ton of sense to me and it also complimented what we do, because at the end of the day, across all these sectors, you’re selling to the same institutions, just different desks within them. We’ve already built brand awareness, and in many cases, commercial relationships with all these different institutions, so, for us to add on another offering and asset class, it has made it a lot easier than someone getting off the ground by themselves.
The Housing News podcast explores the most important topics happening in mortgage, real estate and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire’s news desk. Hosted by Sarah Wheeler and produced by Alcynna Lloyd.