In a move to expand its product offerings and enter new markets within Southeast Asia, AQWIRE has successfully raised US$2.1 million in a Series A funding round, led by Spiral Ventures.
The proptech company had actually raised more but declined the extra amount over concerns on further dilution. However, the company is expecting another US$2 million in venture loans.
Ray Refundo, CEO and Founder of AQWIRE, explained:
“We decided to raise less equity as the company has been profitable since 2019, generating US$1.7 million in revenue.”
He also explained that the company is expecting to end 2020 with a 50% increase in annual revenue with plans to triple that in 2021.
AQWIRE is a Philippino proptech company that focuses on mortgage loans and cross-border property management. Launched in 2018, it already has an impressive network of foreign property investors, 12 million of which are overseas Filipinos.
Sweden's leading property portal, Hemnet, has reported impressive financial results for the first quarter of 2025, showcasing the robust growth...
Read More
This week's Product Roundup is flush with some of the biggest names in global real estate. We'll start in Europe,...
Read More
U.S.-based iBuying firm Offerpad has received a notice from the New York Stock Exchange regarding non-compliance with continued listing standards....
Read More
Zillow has begun rolling out a major update to its search experience, moving away from a rule it once implemented...
Read More
