Connect with us

Business

PropTech company targeting global expansion? FazWaz raises Pre-Series A

Published

 on 

FazWaz, a PropTech company focused on making real estate transactions cheaper, simpler and more efficient announced today that is has secured an undisclosed 7 figure USD amount in a pre-series A round led by a Singaporean group.

The funding will enable the FazWaz Group to expand its market share in Thailand, and continue its overseas expansion into the UAE. The company which launched in 2015 has seen unprecedented growth due to its core values based around simplicity and transparency.

According to CEO Brennan Campbell, “The real estate ecosystem in emerging markets is rapidly changing. The majority of PropTech companies do very little to add value to the end consumers of real estate and are too focused on squeezing advertising revenue from agents and developers alike”.

FazWaz is taking a consumer first focused strategy and this has proven to be vital in reshaping the way people transact in real estate. 

PropTech company targeting global expansion? FazWaz raises Pre-Series A | News by Thaiger

FazWaz is continuing to build an end-to-end technology platform that services agents and their clients through every step of the real estate journey. More agents are now moving to join the FazWaz network and the network is opening up to all agencies by the first quarter of 2020. 

Paul Trayman the Chief Operating Officer of the group states “the expansion into the UAE is natural movement for FazWaz. The development of consumer focused PropTech in such a transactional market has been limited, and hugh potential exists for companies with our unique proposition”

FazWaz is already planning its Series A, looking to raise $5 million USD, towards the start of 2020. Unlike the majority of PropTech companies, FazWaz has maintained profitability since inception and this model will allow FazWaz to penetrate into other Southeast Asia markets, replicating its model.

PropTech company targeting global expansion? FazWaz raises Pre-Series A | News by Thaiger

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

If you have story ideas, a restaurant to review, an event to cover or an issue to discuss, contact The Thaiger editorial staff.

Follow Thaiger by email:

Pattaya37 mins ago

Police to curb Pattaya Beach drinking after student gun fight

Phuket1 hour ago

9th and 10th monkeypox infections found in Phuket

Coronavirus (Covid-19)2 hours ago

Face masks still required on public transport, in cinemas

Sponsored2 days ago

10 Best Seed Banks that Ship Cannabis Seeds Discreetly to You (Free US Shipping)

Cannabis News3 hours ago

Pattaya man attacked at gunpoint for selling cannabis

Crime3 hours ago

Police seize 60 suspects in online ‘ghost guns’ sting

Thailand3 hours ago

Bangkok Secret Nightlife – Bangkok Red Light District Secret Museum

Join the conversation on the Thaiger Talk forums today!
Coronation5 hours ago

King Charles III debuts on UK coins

Politics19 hours ago

Vladimir Putin officially annexed four parts of Ukraine

Transport21 hours ago

Phuket Airport officials pulled tourist from van, insisted they use airport taxi

Thailand22 hours ago

Thailand’s strange laws – 10 strange laws in Thailand

Politics23 hours ago

The long goodbye – Which way now for PM Prayut?

Pattaya23 hours ago

Pattaya Police Chief cleared of vice slurs, back on duty

Tourism24 hours ago

Reopening Thailand has a busy activity schedule

Tourism1 day ago

Today is the day! Full post-pandemic Thailand reopening

Pollution1 day ago

Garbage in canals worsens flooding in Bangkok

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending