hundred dollar bills lined up
6 months after launch, Indigo has secured its 1st funding round backed by NFX, Era Ventures and GTM Fund. The company will use the funds to expand its reach throughout the Southeast
by Marian McPherson Jan 23
Former Ribbon team launches AI-fueled home transaction platform
The team that founded EasyKnock-acquired power buyer Ribbon has launched Indigo, an AI-powered transaction management and home search platform, executives told Inman exclusively
by Marian McPherson Aug 15
EasyKnock juggling lawsuits, regulators in multiple states
Sale-leaseback platform tells NPR civil lawsuits in Texas and other states are 'meritless' and that it's cooperating with attorneys general in Massachusetts and Michigan
by Matt Carter Jul 3
Ribbon relaunches power buying services following 9-month hiatus
Nine months after temporarily shuttering its services and three months after being acquired by EasyKnock, Ribbon is now offering cash backing to buyers in Atlanta and Charlotte once again
by Marian McPherson Aug 10
Ribbon makes massive cuts, leaving fewer than 30 workers
In an email on Monday, a spokesperson for the power buyer confirmed to Inman that the company had laid off workers and would now 'be a company of less than 30 people'
by Jim Dalrymple II Nov 21
Ribbon suspends cash offer service, working on new tools for spring
The New York-based power buyer had been purchasing homes on behalf of RibbonCash clients who were unable to close a deal with their own financing
by Matt Carter Nov 11
Ribbon expands footprint in Arkansas, Colorado and Illinois
In Hot Springs, Arkansas, Ribbon will work with agents at Crye-Leike, which also partnered with Ribbon when it launched services in Alabama
by Matt Carter Oct 5
Ribbon back in expansion mode with push into Illinois and Michigan
Less than 2 months after layoffs, the power buyer is now in 17 states and says it's still on track to meet a goal of being operational in half of the US by the end of the year
by Matt Carter Sep 15
CoStar, Adena Hefets take top Inman Innovator awards at ICLV
Out of nearly nearly 600 nominations received from the public, these are the real estate industry innovators that stood out in 2022, according to an announcement at Connect Las Vegas on Friday
Ribbon slashes one-third of workforce to adjust to 'new reality'
After expanding into 8 new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an 'achievable path to profitability'
by Matt Carter Jul 28
Ribbon partners with Coldwell Banker Heritage for Ohio launch
Ohio is the sixth new state the New York-based Power Buyer has added this year, giving it a presence in 13 states
by Matt Carter Jun 8
A full list of real estate companies making layoffs in 2022 and 2023
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
by Matt Carter Jun 3
Power buyers: What to know about real estate’s buzziest new buyer tools
The innovation wave has hit the buy-side, with power buyers emerging as this year's buzziest business model. Here's everything you need to know to power up your clients' purchasing prowess
by Marian McPherson Nov 29
Ribbon jump-starts 2022 expansion push with 2 new markets
The homeownership startup has December and January launches planned for markets in Alabama and Virginia. The company plans to be in 25 states by the end of next year
by Marian McPherson Nov 19
Brad Inman and Knock CEO Sean Black.
In case they're not getting the message, Knock's booth at Inman Connect Las Vegas sported a banner that read, 'In Agents We Trust'
by Matt Carter Oct 29