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FazWaz accelerates growth in SE Asia property market with latest funding round

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FazWaz, a leading real estate transaction marketplace headquartered in Bangkok, has raised a new round of funding to accelerate growth into 2021. Serial investor and Online Marketplaces Chairman Simon Baker via CAV Investment Group says he’s been closely following FazWaz for the last 3 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 estate transaction process is the future for real estate sales. Brennan Campbell and his team are very well positioned to be a global leader in real estate e-transactions.”

The latest round of funding will be used to invest further into the marketing, data and technology to ultimately drive FazWaz brand awareness and grow its market share. FazWaz had gone against the traditional startup route and remained 100% bootstrapped for its first 4 years of business while showing 100% growth year on year.

Also participating in the funding round for FazWaz were 500Tuk Tuks, Aries Capital (Indonesian family fund), and Alpha Founders Capital.

Having been launched just under 5 years ago by expat entrepreneurs Paul Trayman, Brennan Campbell and Michael Kenner, the brand has expanded across south east Asia with the latest country launch being Cambodia in November. The portal is looking to digitise property transactions in the country and can count some 500,000 visitors per month to its main Thai site having overtaken some big names to rank in the top 3 property portal sites in the country.

Brennan Campbell, Founder & CEO of FazWaz, says that we now live in an on-demand, digital-first society where users want efficient access to products and services at the click of a button.

“The real estate industry is no different and users are demanding a better online search and offline service experience. As a mission-driven business, the funding and expertise brought on in this round of investment moves us closer to our goal of empowering consumers to make more efficient and informed real estate decisions.”

FazWaz is one of an increasing number of property marketplaces with an end-to-end model that seeks to bring transactions online with users able to make an offer directly 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 major M&A deals in 2020, one being for Kaidee.com and another being Hipflat.com.

“At the same time, a large amount of investment pours into startups tackling the fragmented real estate market. FazWaz re-envision the real estate sales process with technology. We are excited to back FazWaz as they now enter into the next significant phase of growth.”

 

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7 Comments

7 Comments

  1. Avatar

    Alte Ledertasche

    Saturday, December 5, 2020 at 1:42 pm

    Fazwaz…one of the most expensive portals in Thailand.

    I am following the property market since around 10 years in LOS. If you compare listings of properties in several portals same properties are listed more expensive on fazwaz than in others.

    Useless and overpriced portal. But they have a good looking website though.

    • Avatar

      Kerry Trepin

      Thursday, December 10, 2020 at 9:40 am

      They have a “Make an offer” feature – which allows buyers (like yourself) to offer directly to owners on properties for up 25% less than their asking price – I think that’s quite helpful in today’s uncertain market…

      • Avatar

        Alte Ledertasche

        Thursday, December 10, 2020 at 6:11 pm

        Useless feature. As said. Property on Fazwaz is anyway overpriced than the same properties advertised on other portals. And as a buyer I would make an offer anyway during the viewing where I request the property owner to be present, for this I not need a website feature. Despite that I would not buy any property in Thailand anyway.

  2. Avatar

    Mr cynic

    Saturday, December 5, 2020 at 5:27 pm

    Is this for real or a spoof?
    Even Zeek Ziegler would have found it difficult to pick through this load of BS!
    I would not trust this company with 1 single baht.
    Thought the boiler room days were ancient history.

  3. Avatar

    preesy chepuce

    Saturday, December 5, 2020 at 11:29 pm

    Sounds like fantasy land… who’s buying, apart from no-one?! Prices are in free-fall across Asia, because they’re inflated. Houses foreclosed on by banks for sale everywhere for all to see, it’d be a buyer’s market, if there were any buyers, but there aren’t…

  4. Avatar

    Toby Andrews

    Sunday, December 6, 2020 at 8:58 am

    Well Alpha Capital is excited to back FazWaz.
    I am excited too.
    FazWaz will be excited.
    Anyone else excited?

    • Avatar

      preesy chepuce

      Sunday, December 6, 2020 at 11:33 pm

      Lol. In the famtasy land of estate agents, the prices always rise forever, “pent up demand” is always exponential, you are always urged to “buy now before it’s too late”, and they’ll be shouting that out during the apocalypse as skycrapers fall into seas of molten lava.

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