Zigbang Acquires Apartment App 'Mobil' Subsidiary of Kakao Pay

[Asia Economy Reporter Yuri Kim] Zigbang announced on the 8th that it has acquired Mobil, a comprehensive residential management platform company and a subsidiary of Kakao Pay. The Mobil service will continue to operate as usual after this acquisition.

Mobil, a startup established in 2018, operates the platform "Mobil" that manages multi-family housing such as apartments via mobile. The Mobil application helps residents easily communicate with the apartment management office and provides various convenience features such as electronic voting, electronic approval, and electronic management fee notifications. Management fees can be paid via mobile in connection with Kakao Pay. Currently, residents of about 550 apartment complexes use the Mobil app.

In September last year, Zigbang launched the apartment resident management office service "Zigbang LINK." It added resident convenience services such as "Our Home" and "Concierge" functions to the Zigbang app. Zigbang stated that it decided on this acquisition expecting synergy effects due to the high business relevance between Zigbang LINK and Mobil. It also highly evaluated Mobil's advanced services, operational experience, and service linkage with Kakao Pay.

Zigbang said, "Through this acquisition, we will strengthen the Zigbang LINK service and provide a highly complete residential management service together with Mobil."

Meanwhile, Zigbang has also signed a business agreement with Kakao, the parent company of Kakao Pay, and has been entrusted with operating "Daum Real Estate" since April 2018.

Seongwoo Ahn, CEO of Zigbang, said, "Based on the experience accumulated by Mobil and the business partnership with Kakao Pay, this has become an opportunity to further expand Zigbang's business," adding, "We plan to make users' residential life more convenient by linking various partnership businesses to the existing Zigbang LINK service."