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Meet the PropTech Members: Ray Dib, Joshua Theeuf, & Matt Stone of MyBond

Can you give us the elevator pitch for MyBond?


MyBond is a service that is unique & the first of its kind in the world that helps tenants pay their rental bond. Our motto “one week only” means that people pay one week’s rent or as little as $150 with no interest, no repayments, and no credit checks, and MyBond will take care of the rest. 


People move for various reasons, such as moving closer to work, school, university, into a larger place to accommodate a growing family or start a new life. But, moving house costs money, and these expenses quickly add up. MyBond is there to help by cutting the costs of moving. 


We support people to change, take control and open up options for managing finances whilst moving houses. MyBond makes renters’ lives easier by disrupting the rental market, giving people flexibility and choice in how they pay and manage their rental bond and allowing renters to control where and when they want to live. 

“MyBond supports people through their property journey by bringing flexibility and control during the often stressful process of finding a suitable property.“

MyBond supports people through their property journey by bringing flexibility and control during the often stressful process of finding a suitable property. Our vision is to be the preferred and trusted partner throughout a renter’s life.


Further, MyBond’s social enterprise is enriched by its collaboration with local services and non-profit organisations to assist individuals and families who have been victims of domestic abuse or displaced as a result of homelessness in settling into a new life by offering a new method of paying the initial bond. A program whereby the tenant only pays MyBond’s fee of one week’s rent over 10 months interest-free, fee-free.


What led you to start MyBond?


Ray Dib, CEO and Co-founder, is a renowned business leader in governance, finance, and insurance. He is widely recognised for his community work across Sydney. Ray is a change agent, passionate about helping people and businesses to improve their lives and financial situations. Ray co-funded MyBond to give back to the community by developing an accessible, discrimination-free finance solution.


Joshua Theeuf, COO and co-founder, has founded insurance and green power technology start-ups. An entrepreneur with experience in the start-up and finance industry, passionate about developing and delivering new financial solutions. Josh cofounded MyBond after identifying a need to disrupt the finance industry and offer products across the Australian rental market.


Matt Stone, CTO and co-founder, has led and directed major technology deployments, including greenfield opportunities and is passionate about developing innovative, online accessible services. Matt cofounded MyBond to support people to take control of their living situation and reduce the costs of moving.


What does a typical day at MyBond look like at the moment?


MyBond likes to start each day with a stand-up where every team member is involved. Then, we go around the room to address our goals and tasks for the day ahead; by doing this, team members can share ideas bring up any concerns and queries as this allows us to work together and meet our company goals.  


When the standup finishes, Customer Service will take on a busy day of calls tending to clients and potential clients with their next rental property. The Business Development team will jump straight into contacting leads, finalising deals, and connecting with and brokering deals with affiliates to increase MyBonds growth. 


Across the office, the Marketing Department will begin content creation on MyBond’s social and digital channels to promote and increase brand awareness and through engaging the media and advertisers. 


The Technology team will code the website and build online infrastructure to optimise the customer experience.  While all of this is happening, the MyBond founders will focus on product design, development, and strategies to grow the business. 


MyBond is a high performing business with big goals, and employees have such a strong bond with one another, and no day is the same! 


What media have you been consuming lately?


Josh Theeuf: I have a lot of books I have been reading at the moment. Some of these include Skin in The Game, Never Split the Difference, Atomic Habits, How to Win Friends and Influence People, The 7 Habits of Highly Effective People and Girt. 


Matt Stone: Gödel, Escher, Bach (musings on the meaning of meaning), David Heinemeier Hansson’s blog, ZeroHedge.com, tradingeconomics.com, zillions of text messages telling me a package is on it’s way, and a little too much TikTok.


Ray Dib: The books I am currently reading are Man’s Search for Meaning and Think Like a Monk. 


Who are your inspirations in business and/or life?


MyBond’s Cofounders inspirations in life: 


Josh: “Elon Musk and his go-getting attitude in life – When something is important enough, you do it even if the odds are not in your favor.”


Matt: “Personally, my lovely wife of 25 years, mother to our two beautiful daughters, someone who never seems to get tired of telling me where I might find the car keys. Professionally, Bono. Music, activism and entrepreneurship. Top of the tree in all” 


Ray: “Many great leaders and their inspiring quotes” 


What are the benefits and challenges of working in proptech, such an emerging, innovative industry?


At MyBond we don’t have many significant challenges working in the PropTech industry, the one challenge that stands out is market education – that is ensuring people understand that property can be done differently, especially renting.


Who would you like to collaborate with in the industry?


MyBond is open to and would like to collaborate with everyone! We appreciate all industries, not just PropTech and FinTech. Currently, MyBond is working with a diverse range of service partners and providers to promote, collaborate and add value to our business and tenants. 


What are you and your company excited for within your company and within the industry in 2022?


We are excited to reach our one-year milestone that will take this humble start-up to a scale-up. Since its launch in March 2021, MyBond has helped almost a thousand Australians move into their dream dwelling in New South Wales, Victoria, Queensland, South Australia and beyond. At MyBond we want to support tenants during their life cycle of the tenancy, from when they are in their first rental property to when they are in their first house.

Content is reblogged from original article that was featured on PropTech member news
Link: https://proptechassociation.com.au/meet-the-members-ray-dib-joshua-theeuf-matt-stone-of-my-bond/
Written by Isabel Cant 


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Terms and Conditions of Affiliate Program

Please read and agree to our Affiliate agreement Terms and Conditions.

MyBond Affiliate Program Agreement

This MyBond Affiliate Program Agreement (Agreement) comprising the Schedule below and the attached Terms and Conditions is made on the date specified in the Schedule between MyBond Pty Ltd ABN 27 644 744 972 (MyBond) and the real estate agent specified in the Schedule (the Agency).

1. Appointment

1.1 Appointment: MyBond appoints the Agency to make Referrals to MyBond on the terms in this Agreement. The Agency accepts MyBond’s appointment on the terms of this Agreement.

1.2 No exclusivity: The appointment of the Agency is on a non-exclusive basis. The appointment does not limit other methods by which MyBond may promote its Services or to reach Prospective Customers.

1.3 Relationship: The Agency is an independent contractor to MyBond. Nothing in this Agreement has the effect of creating a relationship of employer and employee, partners, principal and agent, or joint venturers between MyBond and the Agency.

1.4 Term: This Agreement commences on the Commencement Date and continues until terminated in accordance with the terms of this Agreement.

2.1 General: The Agency must:

2. Agency’s obligations

  1. disclose to a Prospective Customer when making a Referral that it is a referrer for MyBond and will receive a commission;
  2. make Referrals with due skill and care;
  3. comply with all reasonable and lawful instructions of MyBond in relation to Referrals;
  4. comply with all applicable laws and legal obligations;
  5. not allow its interests to conflict with its obligations and duties under this Agreement;
  6. not hold itself out as having authority, or do any act that might reasonably create the impression that it has authority, to bind MyBond in any way;
  7. not make any commitments or incur any liability for or on behalf of MyBond;
  8. not make or give any representations, warranties or other promises regarding MyBond or its Services;
  9. not produce any promotional material for MyBond or its Services without the prior approval of MyBond;
  10. not charge a Prospective Customer a fee for the Referral; and
  11. not use MyBond's name, logo or trade marks without the prior approval of MyBond.

2.2 Privacy: Before providing Personal Information about a Prospective Customer who is an individual to MyBond under this Agreement, the Agency must ensure that it may do so in compliance with applicable privacy laws and the privacy policy of the Agency.

3. Commission

3.1 Entitlement: The Agency is entitled to a Commission for each Successful Referral.

3.2 Amount: The amount of Commission payable by MyBond to the Agency is set out in the Schedule.

3.3 Invoice: Within 10 Business Days after the end of each calendar quarter, MyBond will provide the Agency with a Recipient Created Tax Invoice for that calendar quarter which will specify the Commission payable in respect of that calendar quarter, together with any applicable GST. The Agency must not provide an invoice to MyBond for Commission.

3.4 Payment: MyBond must pay the Commission in respect of a calendar quarter within 20 Business Days after the end of that calendar quarter.

3.5 Clawback: If MyBond does not receive a refund of the full amount of the rental bond for which MyBond has provided the Services, the Commission paid by MyBond for that Successful Referral must be refunded to MyBond on demand. MyBond may debit the amount of any refundable Commission from any future payments of Commission under this Agreement.

3.6 Effect of termination: The ending of this Agreement does not affect MyBond's obligation to pay Commission to the Agency in relation to any Successful Referrals which have been made before the end of this Agreement.

3.7 Discount: In addition to paying the Commission, MyBond agrees that for a Successful Referral, it will discount by $20 the amount payable by the Prospective Customer to MyBond as the fee for the Services.

4. Representations and warranties

Each party represents and warrants to the other that:

  1. it has full authority to enter into this Agreement;
  2. it is not bound by any agreement with any third party that may adversely affect this Agreement;
  3. it has and will maintain all necessary powers, authority and consents to enter into and fully perform its obligations and duties under this Agreement; and
  4. it has complied and will comply with all applicable laws binding on it.

5. Confidentiality

5.1 Obligation: Each party (the Recipient) must keep confidential any information relating to the other party or the terms of this Agreement unless an exception applies.

5.2 Exceptions: The obligations of confidentiality under this Agreement do not extend to information that is (whether before or after this Agreement is signed):

  1. rightfully known to the Recipient at the time of disclosure and there is no obligation of confidentiality on the Recipient;
  2. generally and publicly available (otherwise than as a result of a breach of this Agreement);
  3. required to be disclosed by law or court order; or
  4. required to be disclosed in connection with any legal proceedings relating to this Agreement.

5.3 Consent: If the party to whom the information relates has consented in writing before the disclosure of that information, then that disclosure does not contravene clause 5.1.

6. Termination

6.1 Notice: This Agreement can be terminated by either party without cause by giving the other party not less than 7 Business Days written notice of termination.

6.3 Survival: The following clauses survive termination or expiry of this Agreement: clauses 3.7, 5, 7, 8, and 9.

6.4 Effect: The ending of this Agreement does not affect any rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination or expiry.

7. Governing law and jurisdiction

7.1 Governing law: This Agreement is governed by the law applying in New South Wales.

7.2 Jurisdiction: The parties submit to the non-exclusive jurisdiction of the courts of New South Wales with respect to any proceedings that may be brought at any time relating to this Agreement.

8. Other provisions

8.1 Notices: Any notice or other communication (Notice) given or made under this Agreement must be in writing and must be sent by email to the email address of a party specified in the Schedule, or to the email address last notified by the intended recipient to the sender. A Notice will be taken to be duly given or made on the same day of sending unless the sender receives notice that the email has not correctly been delivered.

8.2 Amendment: An amendment or a variation of any term of this Agreement must be in writing and signed by each party.

8.3 Counterparts: This Agreement may be executed in any number of counterparts. Each counterpart is an original but the counterparts together are one and the same Agreement.

8.4 Electronic execution: This Agreement may be signed electronically.

8.5 Costs: Each party must pay its own costs and expenses in respect of negotiating, preparing, signing, delivering and performing this Agreement and any other agreement or document entered into or signed under this Agreement.

8.6 Entire agreement: This Agreement is the entire agreement and understanding between the parties on everything connected with the subject matter of this Agreement, and supersedes any prior agreement or understanding on anything connected with that subject matter.

8.7 Assignment and other dealings: A party must not assign, novate or deal with any right or obligations under this Agreement without the prior written consent of the other party, whose consent must not be unreasonably withheld.

8.8 Further assurances: The parties must promptly execute and do all acts and things necessary or desirable to implement and give full effect to the provisions and purpose of this Agreement.

8.9 Severability: If anything in this Agreement is unenforceable, illegal or void, then it is severed and the rest of this Agreement remains in force.

8.10 Waiver: A single or partial exercise or waiver by a party of a right relating to this Agreement does not prevent any other exercise of that right or the exercise of any other right.

9. Definitions

In this Agreement, the following definitions apply unless the context indicates otherwise:

Agreement means this document, including the Terms and Conditions and the Schedule.

Business Day means a day that is not a Saturday, Sunday or a public or bank holiday in New South Wales.

Commencement Date means the commencement date of this Agreement specified in the Schedule.

Commission means the commission payable under clause 3.

Contact Details means the contact details of a person including name, phone number, email address and any other items specified by MyBond.

GST has the meaning given to it in the GST Act

GST Act means A New Tax System (Goods and Services Tax) Act 1999 (Cth).

Personal Information has the meaning given to the term under the Privacy Act 1988 (Cth) and includes Contact Details.

Prospective Customer means a person who may be interested in using the Services.

Recipient Created Tax Invoice has the meaning given to it in the GST Act.

Referral means the provision to MyBond from the Agency of the Contact Details of a Prospective Customer.

Schedule means the Schedule to this Agreement.

Services means the services provided by MyBond of providing financing facilities for rental bonds.

Successful Referral means that a Prospective Customer uses MyBond for Services.