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FazWaz | |
Company type | Private |
Industry | |
Founded | April 24, 2015Phuket Province, Thailand | in
Founder |
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Headquarters | , |
Area served | |
Key people |
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Website |
fazwazgroup |
FazWaz, also known as FazWaz Group, is a property technology company and real estate marketplace based in Thailand serving greater Southeast Asia, [1] with agency offices operating in all six major regions of Thailand: Phuket Province, Bangkok, Ko Samui, Pattaya, Chiang Mai and Hua Hin District. [2]
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. [3] At this time, FazWaz served just the Phuket condominium market and differentiated from other property sites by its focus on "accurate and up-to-date data". [4] [5]
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. [6] In addition to these data-driven expansions, FazWaz Group partnered with companies like ThaiVisa, offering a search portal on the ThaiVisa website. [7] A network of partnerships with local developers and agencies as well as more-established property companies allowed FazWaz to develop marketing and growth strategies such as 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. [8] [9]
In 2019, FazWaz officially announced its overseas expansion efforts focusing primarily on improving market transparency on homes in Dubai and Vietnam. [10] 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. [11] Recently the group announced that it had secured pre-Series A funding from undisclosed investors based in Singapore. [12] [13]
Date | Event [14] |
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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. |