Reali appoints first chief financial officer

The company promotes exec for "effectively leading" Reali's finance operations

Reali appoints first chief financial officer

Reali has promoted its vice president of finance, Michael Fu, to chief financial officer.

The real estate technology company has announced that Fu will be taking charge of Reali's overall finance operations. Reali Chief Operations Officer Tyler Baldwin said that they promoted Fu due to his strong leadership, "especially with the securing of external financing to help fund our iBuying products and significantly improve our unit economics as we have pivoted for COVID-19."

Fu joined the firm in 2019 and has helped drive revenue despite the challenges caused by the coronavirus pandemic.

"Mike's disciplined financial strategy has been invaluable to Reali in this current economic climate," said Amit Haller, co-founder and CEO of Reali. "Despite the challenging times for both the business and housing market as a whole, we've been able to drive growth in our real estate offerings and services. Michael has been instrumental in helping us achieve those strategic and financial goals."

Fu most recently served as vice president of corporate FP&A at Reali's sister company, Veev. Before that, he spent five years at a venture debt provider, five years at venture-backed start-ups in China, and seven years in real estate investment banking.

"I'm honored to be appointed as chief financial officer," Fu said. "Since joining Reali, my focus has been on building a dynamic team and strong systems to allow us to execute real estate transactions at scale to bring more value, savings and efficiencies to Reali customers."

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