Thailand’s Proptech Startup FazWaz Raises Funding to Globalise Real Estate E-Transactions

Thailand’s Proptech Startup FazWaz Raises Funding to Globalise Real Estate E-Transactions

FazWaz has raised an undisclosed amount of investment in an acceleration funding round led by CAV Investment Group, an investment company for Simon Baker, ex-CEO REA Australia and ex-Chairman of Mitula.

Other investors include 500 Tuk Tuks, Aries Capital (Indonesian family fund), and Alpha Founders Capital. The startup has been 100 per cent bootstrapped in the first four years of its operations.

According to the company’s funding announcement, this money will go towards investing in marketing, data and technology that ultimately will drive FazWaz brand awareness and grow its market share.

FazWaz is a real estate platform which provides brokerage services to make the process of buying, selling, or renting a property easy. The company’s vision is to make buying a property as simple as booking a holiday.

The Bangkok-headquartered startup which launched in 2015 claims to have over 500,000 customers per month and is one of Thailand’s top three property websites. It has also made its mark outside of Southeast Asia, with Cambodia being its latest launch in November this year.

Co-founder Paul Trayman revealed the company’s plans to launch Thailand’s first instant AVM (automated valuation model) that will provide an instant and accurate valuation for a property online within a few seconds.

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