500 Startups-backed Qwikwire successfully completed its latest fundraising. An ICO is set to launch also this March 2018.
Qwikwire Successful Fundraising
The billing solution startup’s latest fundraising is led by First Asia Venture and Cerebro Labs. Although the firm didn’t discuss the amount, Qwikwire shared that American and Japanese investors were present during the event.
“The latest funding comes from investors in the real estate industry. Their experience, knowledge, and most importantly, network, will be invaluable to our business in the years ahead.” – Mr. Rey Refundo, Founder and CEO, Qwikwire
Founded in October 2013, Qwikwire is a Delaware Corporation that also has a presence in Manila. It runs its operations in the Philippine capital. The company aims to remove the reliance of property customers worldwide to property brokers and agents.
Qwikwire had previously raised funding from 500 Startups and the Manila Angel Investors Network. The fund is to be used for expansion overseas.
Qwikwire’s key product is AQwire, set to launch using blockchain technology. AQwire will harness the power of the blockchain to connect customers to property developers worldwide.
AQwire’s Initial Coin Offering is set to start on March 26, 2018. A pre-sale will begin on March 12, 2018.