The Thai real estate marketplace Hipflat has received an undisclosed amount in funding from Japanese comparison and price analytics company Aucfan. The funds will be used to bring our products designed to improve transparency in its home market which is often an opaque property market for the buyer.
As an aggregator of property listings from across the spectrum of the Thai property landscape from developers to portals to individual landlords, Hipflat has developed proprietary technology for standardization of data and data mining which allows the company to extract and process pricing data from unstructured sources. The synergies with Aucfan, which does something similar in that it collects, cleans analyses, and packages data insights, are clear and both companies stand to gain insights from one another with Hipflat CEO Denis Nemptsev saying that he is interested in leveraging Aucfan’s experience in packaging data as a paid product.
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