FazWaz, a quantity one real property transaction marketplace headquartered in Bangkok, has raised a new spherical of funding to accelerate development into 2021. Serial investor and Online Marketplaces Chairman Simon Baker via CAV Investment Group says he’s been carefully following FazWaz for the last 3 years since they first attended our Property Portal Watch Conferences in 2017.
“I believe that their mission to make use of know-how to streamline the end-to-end real estate transaction process is the long run for actual estate sales. Secret and his staff are very nicely positioned to be a global leader in actual property e-transactions.”
The latest round of funding will be used to invest additional into the advertising, knowledge and technology to ultimately drive FazWaz brand awareness and grow its market share. FazWaz had gone towards the standard startup route and remained 100 percent bootstrapped for its first four years of business whereas showing 100 percent growth yr on 12 months.
Also collaborating within the funding round for FazWaz were 500Tuk Tuks, Aries Capital (Indonesian household fund), and Alpha Founders Capital.
Having been launched just below 5 years ago by expat entrepreneurs Paul Trayman, Brennan Campbell and Michael Kenner, the brand has expanded throughout south east Asia with the newest country launch being Cambodia in November. The portal is seeking to digitise property transactions within the country and can count some 500,000 guests per 30 days to its main Thai website having overtaken some huge names to rank within the top 3 property portal sites in the nation.
Brennan Campbell, Founder & CEO of FazWaz, says that we now stay in an on-demand, digital-first society the place users need efficient entry to services on the click of a button.
“The real estate business is no completely different and customers are demanding a better on-line search and offline service expertise. As a mission-driven enterprise, the funding and expertise introduced on in this round of funding moves us closer to our goal of empowering consumers to make extra environment friendly and knowledgeable real property choices.”
FazWaz is considered one of an growing number of property marketplaces with an end-to-end mannequin that seeks to convey transactions online with customers able to make a proposal immediately on the platform.
Johannes von Rohr, General Partner at Alpha Founders Capital says that Thailand’s proptech (property technology) scene is seeing an thrilling amount of exercise with two well-known main M&A offers in 2020, one being for Kaidee.com and another being Hipflat.com..