Movewise is Raising Funding

August 16, 2020
Share this Post: 

Raising money during this time of market unrest is a feat in and of itself. One small company has done just that in the UK market. 

Independent multi-agent property marketplace, Movewise, has announced a funding round with a goal of £600,000.

The company plans to use the funding to support its end-to-end property sales platform and expand its business within the legal and landlord sectors of the market. 

Leading the round are existing investors, Hambro Perks and Co-Founder of Indeed.com, Paul Forster.

Speaking on the funding, Movewise CEO Tom Scarborough said:

“Our mission is to ensure all property sellers achieve the best price they can for their property.

“Approximately a third of properties will sell quickly in the first month. Two-thirds of properties won’t be so lucky, which is when sole agents revert to price reductions, to the detriment of the vendor.

“Selling the most valuable asset you’ve ever owned shouldn’t be left to luck. Movewise is here to professionalize property sales for everyone.”

That isn’t the only good news coming from the company. Recently, Steffen Schwark joined Movewise as its new CTO to lead the production and development teams, bringing with him over 20 years of experience.

August 16, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Propertyguru Singapore Skyline
Analysis: PropertyGuru Is Heavily Reliant on Singapore's Crazy Real Estate Market

Singapore is well known for its obsession with property and the market dynamics there are pretty unique...   There can't...

Read More
Strike
UK Challenger Strike (Purplebricks) Lost $23.6M in 2023

U.K. hybrid agency Strike, which acquired (and subsequently rebranded as) Purplebricks last year, recorded operating losses of $23.5M according to...

Read More
Zigbang
Zigbang Experiences Healthy Sales Boosts in 2023

South Korean portal operator ZigBang boosted its sales by an impressive 47% YoY worth approximately $93.8M, according to a 2023...

Read More
Zillow Hiring
Zillow TV Show to Land In May

Zillow's TV show will launch in May for broadcast on HGTV. After the major success of its Zillow Gone Wild...

Read More

Editor's Pick