reAlpha’s Subsidiary AiChat Partners with M1, a Telecom Provider, to Launch WhatsApp Pay Integration
October 14 2024 - 6:00AM
reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a
real estate technology company developing and commercializing
artificial intelligence (“AI”) technologies, today announces a
significant milestone recently achieved by its subsidiary, AiChat
Pte. Ltd. (“AiChat”). AiChat, a leading provider of AI-powered
conversational solutions, has partnered with M1 Limited (“M1”), one
of Singapore’s largest mobile network operators, to launch WhatsApp
Pay as part of M1’s social commerce strategy in Singapore.
As M1’s official WhatsApp business solution
partner, AiChat integrated its AI chatbot capabilities with
WhatsApp Pay, which is powered by Stripe’s financial
infrastructure. This integration allows select M1 Corporate
Individual (CORI) plan subscribers to reserve and secure flagship
phones directly through WhatsApp, including making deposits and
reservations within a single, conversational flow.
Kester Poh, CEO of AiChat, stated, “We believe
our collaboration with M1 and the integration of WhatsApp Pay
demonstrates the power of conversational commerce in driving both
customer satisfaction and business growth.”
“reAlpha remains committed to advancing AI in
real estate and exploring synergies with AiChat’s capabilities,
while expanding through strategic acquisitions,” said Interim Chief
Financial Officer, Rakesh Prasad.
About reAlpha Tech Corp.reAlpha
Tech Corp. (Nasdaq: AIRE) is a real estate technology company
developing an end-to-end commission-free homebuying platform.
Utilizing the power of AI and an acquisition-led growth strategy,
reAlpha’s goal is to offer a more affordable, streamlined
experience for those on the journey to homeownership. For more
information, visit https://www.realpha.com/.
About AiChat Pte. Ltd.AiChat
Pte. Ltd., a subsidiary of reAlpha, is a Singapore-based company
that develops AI-powered conversational customer experience
solutions. Its platform leverages AI to provide businesses with
intelligent chatbots and automation tools that improve customer
interactions and operational efficiency. For more information about
AiChat, visit www.aichat.com.
About M1 LimitedM1 Limited is
Singapore’s first digital network operator, providing a suite of
communications services, including mobile, fixed line, and fiber
offerings, to over two million customers. Since the launch of
commercial services in 1997, they have achieved many firsts –
becoming one of the first operators to be awarded one of
Singapore’s two nationwide 5G standalone network licenses, first
operator to offer nationwide 4G service, as well as ultra
high-speed fixed broadband, fixed voice, and other services on the
Next Generation Nationwide Broadband Network (NGNBN).
Forward-Looking StatementsThe
information in this press release includes “forward-looking
statements”. Forward-looking statements include, among other
things, statements about the AiChat partnership with M1; the
anticipated benefits of the AiChat partnership with M1, reAlpha’s
ability to anticipate the future needs of the short-term rental
market; future trends in the real estate, technology and artificial
intelligence industries, generally; and reAlpha’s future growth
strategy and growth rate. In some cases, you can identify
forward-looking statements by terminology such as “may”, “should”,
“could”, “might”, “plan”, “possible”, “project”, “strive”,
“budget”, “forecast”, “expect”, “intend”, “will”, “estimate”,
“anticipate”, “believe”, “predict”, “potential” or “continue”, or
the negatives of these terms or variations of them or similar
terminology. Factors that may cause actual results to differ
materially from current expectations include, but are not limited
to: reAlpha’s limited operating history and that reAlpha has not
yet fully developed its AI-based technologies; reAlpha’s ability to
commercialize its developing AI-based technologies; whether
reAlpha’s technology and products will be accepted and adopted by
its customers and intended users; reAlpha’s ability to integrate
the business of AiChat into its existing business and the
anticipated demand for AiChat’s services; reAlpha’s ability to
integrate AiChat’s chatbot capabilities in its reAlpha homebuying
platform; reAlpha’s ability or the inability to maintain and
strengthen reAlpha’s brand and reputation; the inability to
accurately forecast demand for short-term rentals and AI-based real
estate focused products; the inability to execute business
objectives and growth strategies successfully or sustain reAlpha’s
growth; the inability of reAlpha’s customers to pay for reAlpha’s
services; changes in applicable laws or regulations, and the impact
of the regulatory environment and complexities with compliance
related to such environment; and other risks and uncertainties
indicated in reAlpha’s SEC filings.
Forward-looking statements are based on the
opinions and estimates of management at the date the statements are
made and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
statements.
Although reAlpha believes that the expectations
reflected in the forward-looking statements are reasonable, there
can be no assurance that such expectations will prove to be
correct. reAlpha’s future results, level of activity, performance
or achievements may differ materially from those contemplated,
expressed or implied by the forward-looking statements, and there
is no representation that the actual results achieved will be the
same, in whole or in part, as those set out in the forward-looking
statements.
For more information about the factors that
could cause such differences, please refer to reAlpha’s filings
with the SEC.
Readers are cautioned not to put undue reliance
on forward-looking statements, and reAlpha does not undertake any
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
Media Contactirlabs on behalf
of reAlphaFatema Bhabrawalafatema@irlabs.ca
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