Backing estateXchange are Macquarie Capital, OIF Ventures, and billionaire Paul Little’s family office, with busines execs Carol Schwartz and Pier 12 Capital chair Christine Christian, also on board as angel investors.
The online platform digitises deceased estate management services for professional services firms dealing with executor administration such as document sharing and verification.
It connects lawyers, accountants and trustees with financial institutions, insurers, and others holding estate assets or providing services, such as a telecommunications company or share registry, offering the afterlife version of a data room, to save estate managers from the duplication of having to submit the same forms repeatedly to different organisations.
estateXchange was founded in 2023 by Sarah Poole and Marielle Yeoh, who’ve been friends for more than three decades since meeting at high school, and going on to have careers in banking and property.
Poole led a digital transformation program at NAB as the head of deceased estate services.
“There’s genuine desire among organisations to enhance the way deceased estates and related claims are administered,” she said.
“Technology is a feature of the solution, but an ecosystem approach is what will ultimately deliver a step-change. We exist to take the complexity out of deceased estate administration.”
Isabella Rich from OIF said the startup modernises one of the most outdated parts of financial services.
“Marielle and Sarah’s deep sector expertise and the team’s early execution made a strong impression on us,” she said.
“With clear early traction and a solution that solves an industry-wide pain point, we’re excited to back estateXchange.”
The platform charges per transaction.
Words by
Simon Thomsen
