More big news from Juwai IQI. The Asian proptech group has announced that it has seen profitability as of July of this year. This is impressive given the global financial climate due to the ongoing pandemic. Regardless, Juwai IQI has transacted over 15,000 properties this year up through early this month. This is up by 55% and 72%, year-over-year.
The catalyst? Juwai IQI has already set itself up as the only end-to-end real estate marketing and sales solution on a global scale.
Juwai IQI Group Co-Founder and CEO Kashif Ansari said:
"Real estate is the largest asset class in Asia. We are facilitating both local and cross-border transactions for avid real estate consumers across the region. In key markets across Asia, we are number one with overseas properties and buyers or with local properties and buyers. This leadership position gives us excellent growth opportunities.”
The news follows the release of its super app, which has been central in the company’s growth. Juwai IQI has also seen a spike in agents and affiliated agent numbers- growth that has been increasing organically in markets including Cambodia, Malaysia, Thailand, the Philippines, China, Vietnam, Canada, and Australia.
When it comes to the platform’s traffic numbers, Juwai IQI sees 5.5 million monthly active users. This is up from 3 million, year-over-year.
Juwai IQI Group Co-Founder and Executive Chairman Georg Chmiel said:
"Becoming profitable and showing significant growth is the ultimate milestone for and verification of our business model, especially as we achieved this during the worst of the COVID restrictions. Our shift from traditional real estate marketing to a new, end-to-end, advertising, and sales business model has proven successful.”