Movewise is Raising Funding

August 16, 2020

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

idealista apartments barcelona
Idealista Acquires Certificate Management Specialist Certicalia

Real estate marketplace Idealista has acquired 100% of Certicalia, a Spanish platform for real estate-related certifications and administrative documentation. The...

Read More
costar domain 1
Supreme Court Approves Shareholder Vote for CoStar Group's Domain Acquisition Bid

New South Wales' Supreme Court has approved a shareholder vote for Domain to decide on CoStar's proposed acquisition of the...

Read More
Product Update June27 2
Product Roundup: Redfin, LeBonCoin, CaixaBank, Coralytics, Yandex, Zoopla

This week's roundup is very Europe-heavy, but we'll start in the United States with Redfin...   United States: Redfin integrates Thumbtack...

Read More
olx app op 1 3
OLX Signals Shift of Strategy Towards B2C at Capital Markets Day

OLX Group is pushing forward with a significant pivot from its traditional C2C classifieds model to a more scalable, B2C-led...

Read More

Editor's Pick