AUSTIN, May 6, 2021 — Knox Financial, the fintech company focused on property investors, today announced that it has launched in Austin and hired Tom Coffey as director of growth for the region.
“Whether you’re a homeowner who is about to move, or a landlord looking for optimal results without the work, Knox is here to make your investments perform,” said David Friedman, CEO of Knox Financial. “The Austin property market is incredibly strong and lots of homeowners are looking for a way to hold onto their properties when they move out. In addition, investors are looking for the best way to hold onto their investments. Knox uses technology, data, and expertise to bring preferred returns to any property owner, delivering a passive investing experience that’s akin to working with a financial advisor.“
Knox was named one of the 2021 HousingWire Tech100 for, “creating technology solutions that make owning investment property as simple as owning a share of stock.” Starting today, homeowners and landlords in Austin can enroll on the Knox Frictionless Ownership® Platform, a technology-driven solution that ensures the property achieves its highest performance and allows the owner to be a completely passive investor. The Frictionless Ownership Platform optimizes all aspects of investment property ownership, including finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay.
To lead Knox’s Austin operations and expansion, the company has hired Tom Coffey as growth director for the region. Prior to joining Knox, Coffey founded and scaled a number of successful startups in Austin, including reinsurance operating system Prmm, and insurance robo-advisor SureUp. Coffey received his MBA from the University of Texas at Austin.
Added Coffey, “With home prices continuing to go up every year in the Austin area, and showing no signs of slowing down, selling a home could be one of the worst financial decisions you make. The people who sign up with Knox get the double-bottom line benefits of seeing the value of their home continue to appreciate, while also generating cash flow through rent collected.”
Knox Financial launched in 2019, and is now operational in six metropolitan areas across the United States. The company is currently overseeing a portfolio of more than $100M in investment properties. Knox recently announced $10M in Series A funding, and will use this capital to fund an expansion into cities across the U.S. in 2021.
To learn how much wealth your property could generate through Knox, type your address into the Knox Property Wealth Calculator.
About Knox Financial
Knox is the first financial institution for property investors. Built on a foundation of data and automation, the Knox Frictionless Ownership® Platform optimizes cash flow and wealth creation through investment property. Knox currently operates in 6 states and is expanding rapidly across the US. To learn more, visit knoxfinancial.com.