FazWaz, also known as FazWaz Group is a Property technology company and real estate marketplace based in Thailand offering real estate for sale and rent across greater Southeast Asia, with agency offices operating in all 6 major regions of Thailand: Phuket Province, Bangkok, Ko Samui, Pattaya, Chiang Mai and Hua Hin District.[1]

FazWaz PTE
FazWaz
TypePrivate
Industry
FoundedApril 24, 2015; 7 years ago (2015-04-24) in Phuket Province, Thailand
Founder
  • Michael Kenner
  • Paul Trayman
  • Brennan Campbell
Headquarters,
Area served
Key people
Websitefazwazgroup.com

HistoryEdit

The website was first launched in 2015 as a data-driven property platform attempting to solve buyers' issues with market transparency and real home values.[2] At this time, FazWaz served just the Phuket condominium market, differentiated from other property sites by its focus on "accurate and up-to-date data".[3] The overall aim is to create a space for everyone in the market to gather and compare detailed information, from buyers and sellers to real estate agents and property developers alike.[4]

Over the first few years of operation, FazWaz continued to gather data on additional regions in Thailand, eventually claiming to offer up-to-date data on all homes for sale and rent in Thailand, with current offerings listed as 40,447 total units.[5] In addition to these data-driven expansions, FazWaz Group also partnered with companies like ThaiVisa, offering a custom property search portal on the ThaiVisa website powered by FazWaz technology.[6] A network of partnerships with local developers and agencies as well as more-established property companies allowed FazWaz to develop marketing and growth strategies including native site translations in six languages, soft-launches of sister FazWaz sites with offerings in six additional countries in Southeast Asia plus United Arab Emirates, and new-brand sites like BaanThai focusing on capturing other aspects of the Thailand real estate market.[7][8]

In 2019 FazWaz officially announced its overseas expansion efforts focusing primarily on improving market transparency on homes in Dubai and Vietnam.[9] A Phuket Property Watch article claims the site saw a 20% rise in organic traffic rankings between the months of December 2018 and January 2019.[10] Recently the group announced that it had secured pre-Series A funding from undisclosed investors based in Singapore.[11][12]

MilestonesEdit

Date Event [13]
Dec 2020 FazWaz raises pre-series A, with CAV Investment Group, 500 Tuk Tuks, Aries Capital and Alpha Founders Capital.
Oct 2019 FazWaz announces seed funding from unnamed Singapore-based investors.
Sep 2019 Version 3 of the FazWaz platform is developed and released.
Sep 2018 FazWaz soft-launches platform sites in Singapore, Indonesia, Philippines, Malaysia, Vietnam, Cambodia and United Arab Emirates.
Mar 2018 FazWaz Group site launched offering information on all company platform offerings.
Aug 2017 Version 2 of the FazWaz platform is developed and released.
Apr 2015 Official Launch of the FazWaz platform in Thailand.

See alsoEdit

ReferencesEdit

  1. ^ "Latest News and Press Releases About FazWaz". FazWaz. Archived from the original on 2019-12-08. Retrieved 2019-12-07.
  2. ^ "New Phuket website aims to take guesswork out of buying property". 2015-04-24. Archived from the original on 2015-09-16. Retrieved 2019-12-07.
  3. ^ Leung, Iris (2015-05-01). "Thailand's FazWaz.com launches data-driven property platform". Archived from the original on 2015-08-06. Retrieved 2019-12-07.
  4. ^ Simonelli, Isaac (2015-05-21). "Start-up property portal prepares to "transform' market". Archived from the original on 2019-12-07. Retrieved 2019-12-07.
  5. ^ "Thailand Property - 40,447 Condos & Houses For Sale". FazWaz. Archived from the original on 2019-12-08. Retrieved 2019-12-07.
  6. ^ "ThaiVisa and FazWaz create new partnership to expand the sector". 2018-04-19. Archived from the original on 2019-12-07. Retrieved 2019-12-07.
  7. ^ Akhaya, Prisca (2018-09-09). "Thailand's FazWaz is strapping for agent tools, machine learning in driving the future of property tech". Archived from the original on 2018-09-10. Retrieved 2019-12-07.
  8. ^ "FazWaz Property Group". FazWaz Group. Archived from the original on 2019-12-08. Retrieved 2019-12-07.
  9. ^ "Thai property startup FazWaz heads overseas". 2019-05-02. Archived from the original on 2019-05-03. Retrieved 2019-12-07.
  10. ^ "Thai Property Optimism Continues into February". 2019-02-01. Archived from the original on 2019-12-08. Retrieved 2019-12-08.
  11. ^ Akhaya, Prisca (2019-10-04). "Thailand's proptech FazWaz secures pre-Series A funding from undisclosed Singaporean group". Archived from the original on 2019-12-07. Retrieved 2019-12-07.
  12. ^ Maulani, Anisa (2019-11-01). "These early stage funding rounds have made October the busiest time of the year". Archived from the original on 2019-12-07. Retrieved 2019-12-07.
  13. ^ "About Us · Digital Broker Ventures". Digital Broker Ventures. Archived from the original on 2019-12-08. Retrieved 2019-12-08.