BEAMSTART Logo

Philippines's startup AQWIRE raises $2.1m in Series A round led by Spiral Ventures

The company has been profitable with over $1.7 million in revenue.


Philippines's startup AQWIRE raises $2.1m in Series A round led by Spiral Ventures | BEAMSTART News

- From our Sponsors -

AQWIRE, a property and fintech startup from the Philippines, has raised $2.1 million in a Series A funding round.

The round was led by Japanese venture capital firm, Spiral Ventures, alongside Gentree, Vulpes, Betatron Venture Group, and Steve Melhuish, one of PropertyGuru's co-founders.

- Featured Sponsor -

AQWIRE's platform.

Co-founded by Jesse Manalansan and Earvin Ang in 2018, AQWIRE was established to help developers and brokers access foreign property investors, including over 12 million Filipinos living overseas.

The platform provides services such as property listings, mortgage loans, property management, and payments processing (including subscriptions). The company also takes a cut off loans referrals. 

Some of its clients include Ayala Land, Megaworld, Vista Land, and Century Properties.

“Developers have difficulty accessing foreign buyers’ markets. Even if they do, cross-border property management and loan processing are still difficult,” AQWIRE CEO Ray Refundo mentioned.
The AQWIRE team.

Moving forward, AQWIRE will use the fresh funds to improve their product and expand their sales teams.

According to Refundo, The company has been profitable since 2019, generating US$1.7 million in revenue.

- From our Sponsors -

ABOUT THE AUTHOR

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Works at BEAMSTART

ALSO MENTIONED IN THIS POST

AQWIRE

Comprehensive real estate solutions for brokers and property developers

Industry:

Opportunities:


Spiral Ventures

A venture capital firm active in SEA and Japanese markets

Industry:

Opportunities:


Have a company of your own? Create a company profile today and easily find customers, raise funds, or hire talent.

BEAMSTART is a Global Community and News Portal for Entrepreneurship. We cover the latest news and bring together a global network of CEOs/founders, Investors, Business Leaders, and Professionals.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).