Bank Shot Names CEO, Partners With Rule 1 Ventures

June 10, 2021

Real estate financial technology firm Bank Shot named a new CEO after partnering and receiving an investment from Rule 1 Ventures.

Emily Traxler will lead Bank Shot as CEO, taking over from founders Bernardine Drake and Glenn Drake. The founders originally developed Bank Shot for use by their own real estate brokerage, Drake Realty. The company provides a mobile app that allows the real estate and title industry to safely and securely manage and deposit funds, including earnest money, real estate funds and rental deposits. The company reported rapid growth since the COVID-19 pandemic because of the ability to transfer funds remotely.

"There was major interest in Bank Shot, ranging from venture capital to companies looking to buy the product,” Glenn Drake said. “It was crystal clear to us that Rule 1 Ventures was the best choice to launch, innovate and grow Bank Shot. They bring to the table comprehensive and expert software developers, the highest compliance with cyber security, a superior operations department, a

Traxler began her career in hospitality and technology sales. Prior to joining Bank Shot, she was vice president of customer success for SingleOps. Previously, Traxler was at Clockwise.MD, another SaaS startup, where she originated teams in sales and operations.

"I'm excited to take the helm at Bank Shot," Traxler said. "The mobile app and portal allow all parties in a real estate transaction to save time and money, while remaining compliant. Everything about a real estate closing went digital years ago except for the payment side, which Bank Shot has now digitized."

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