FazWaz, a leading real property transaction marketplace headquartered in Bangkok, has raised a model new spherical of funding to accelerate growth into 2021. Serial investor and Online Marketplaces Chairman Simon Baker through CAV Investment Group says he’s been carefully following FazWaz for the final three years since they first attended our Property Portal Watch Conferences in 2017.
“I believe that their mission to use technology to streamline the end-to-end real property transaction course of is the longer term for actual property sales. Brennan Campbell and his team are very nicely positioned to be a worldwide leader in actual estate e-transactions.”
The latest spherical of funding might be used to invest further into the marketing, data and know-how to ultimately drive FazWaz brand consciousness and develop its market share. FazWaz had gone towards the normal startup route and remained one hundred pc bootstrapped for its first four years of enterprise whereas exhibiting 100% progress yr on yr.
Also taking Printable in the funding spherical for FazWaz have been 500Tuk Tuks, Aries Capital (Indonesian family fund), and Alpha Founders Capital.
Having been launched slightly below 5 years ago by expat entrepreneurs Paul Trayman, Brennan Campbell and Michael Kenner, the brand has expanded across south east Asia with the most recent country launch being Cambodia in November. The portal is seeking to digitise property transactions within the country and can rely some 500,000 visitors per 30 days to its major Thai site having overtaken some massive names to rank within the high three property portal websites in the country.
Brennan Campbell, Founder & CEO of FazWaz, says that we now reside in an on-demand, digital-first society where users need efficient access to services at the click on of a button.
“The actual estate trade isn’t any totally different and users are demanding a greater online search and offline service expertise. As a mission-driven enterprise, the funding and experience introduced on in this round of funding strikes us nearer to our objective of empowering customers to make more environment friendly and knowledgeable real estate choices.”
FazWaz is considered one of an increasing variety of property marketplaces with an end-to-end model that seeks to deliver transactions on-line with users able to make a suggestion immediately on the platform.
Johannes von Rohr, General Partner at Alpha Founders Capital says that Thailand’s proptech (property technology) scene is seeing an exciting amount of activity with two well-known main M&A deals in 2020, one being for Kaidee.com and another being Hipflat.com..