About InterVal
InterVal delivers cutting-edge, off-the-shelf solutions to simplify and streamline property valuation processes globally.
The InterVal Origin Story
InterVal was founded by Joachim “Josh” Bertot, a serial tech and real estate entrepreneur. After selling his ISP in France, Josh moved to Mongolia to build a construction and real estate consulting business.
In 2018, as the only RICS-accredited valuation firm in Mongolia, Josh’s company was approached by the International Monetary Fund (IMF) to conduct an Asset Quality Review (AQR)—an extensive audit of all Property Valuation reports for real estate used as collateral across Mongolian banks. Overnight, Josh’s Property Valuation team was overwhelmed with thousands of properties and reports to assess. Most of these valuation reports failed to follow RICS, IVS or any other standard. The team sought a technology solution but encountered a barren market place.
This challenge sparked an idea. Several years later, Josh decided to develop an in-house solution to streamline the valuation reporting process, ensure uniformity, and maintain compliance with international standards. Thus, InterVal was born.
After years of intense development, InterVal’s IP was officially registered in Singapore in 2022. The solution underwent beta testing with cornerstone clients in 2023 and was launched for commercial use in 2024. Today, InterVal is the world’s first and only all-in-one, off-the-shelf Property Valuation solution.
Founding Team
Joachim (Josh) Bertot
A serial entrepreneur with a track record of success in technology and real estate, Josh was born and raised in France. He launched an Internet Service Provider in Paris in the early 90s and after selling to a larger firm, went out to explore the world. His travels took him to Mongolia, where he eventually settled and built a real estate management firm with his wife. Josh currently splits his time between Mongolia and SE Asia.
Emile Frémont
An MRICS qualified valuer born in France, Emile has conducted property valuations on assets, ranging from single room apartments to multi-million dollar mixed use urban complexes, across Asia, Europe and the Pacific. Emile also has a background in testing software and developing user interfaces. Emile acts as the lead valuer and standards expert for InterVal. He also plays a critical role in testing the software and identifying improvements and enhancements for the development team.
Dustin Rawlins
Born in South Africa, Dustin raised cattle to pay his way through university and found his first company. Several decades later, Dustin acts as the Managing Director of his own technology firm focused on developing business intelligence and compliance software for multinational banks and mining firms. Dustin’s team takes the lead on data security, technology and software development at InterVal.
Richard Sawyer
Richard Sawyer was born in California and raised in Chicago. Through grit and integrity, Richard has taken a number of companies from conception and built them into flourishing multimillion dollar enterprises. He has served as an executive managing large scale technology and mining projects across North America and Asia. Richard currently leads the business development and marketing teams at InterVal.
Vision
InterVal aims to be the dominant solution in the valuation space – the MS office of asset appraisal.
The founders have launched a solution targeted at Property Valuation, specifically real estate, as a starting point. InterVal currently incorporates 2025 RICS, IVS and IFRS standards for Property Valuation. The executive team has an ambitious two-year development plan in place. This plan is centered around building modules for the Property Valuation solution that incorporate an increasing number of:
- national and international standards (e.g. UK standards & EVS);
- valuation methodologies (e.g. DCF);
- assets classes (e.g. hospitality & data centers); and
- languages (e.g. Spanish & Chinese)
InterVal also has concrete plans to expand outside of the real estate and Property Valuation space. Development has already begun on valuation modules for Equipment as well as Plant & Property.
InterVal does not use AI today. AI functionality can be added for enterprise customers through custom development. We aim to empower human Valuers and Appraisers, not to replace them or steal their Intellectual Property.
Frequently asked questions
Who founded InterVal?
InterVal was founded by Joachim “Josh” Bertot, a serial tech and real estate entrepreneur who sold his ISP in France, then moved to Mongolia to build a construction and real estate consulting business.
How did the idea for InterVal start?
In 2018, the International Monetary Fund approached Josh's company to conduct an Asset Quality Review of property valuation reports across Mongolian banks. Most of the reports failed to follow any standard, and the team found no technology solution on the market, which later led Josh to develop one in-house.
When was InterVal launched?
InterVal's IP was registered in Singapore in 2022, the solution was beta tested with cornerstone clients in 2023, and it launched for commercial use in 2024.
Who is on the founding team?
Joachim (Josh) Bertot, Emile Frémont, an MRICS valuer and InterVal's lead valuer and standards expert, Dustin Rawlins, whose team leads data security, technology and software development, and Richard Sawyer, who leads business development and marketing.
Which standards does InterVal incorporate?
InterVal currently incorporates the 2025 RICS, IVS and IFRS standards for property valuation.
What is planned next for InterVal?
A two-year development plan adds more national and international standards, valuation methodologies, asset classes and languages. Development has also begun on valuation modules for Equipment and for Plant & Property.
Does InterVal use AI?
InterVal does not use AI today. AI functionality can be added for enterprise customers through custom development.
Where is the profession heading? Read our founder's view on the future of property valuation.
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