Proptech firm Multiburó secures US$700K

Multiburó, a proptech based out of Mexico, has raised US$700,000.

In the round, angel investors from the real estate sector, as well as Mexico’s development bank, the National Finance Agency (NAFIN for its Spanish abbreviation), provided the funds.

The startup’s Co-Founder, Manuel Mier, stated that Multiburó would use the equity to hire additional personnel for multiple areas. Among which are IT professionals to further develop Multiburó’s platform, team members for data science applications, operations staff, as well as to boost their sales team. 

In the latter’s case, the objective is for the startup to consolidate its presence throughout Mexico.

It currently has over 1,000 properties under management.

Proptech prowess for renting

Would you let just any stranger into your home? The obvious answer is no. And just the same, realtors face this scenario every day when considering potential tenants for a property.

Many big questions float in the back of their minds:

“Who can I trust to reside on this property? Will they pay my rent on time? Will they take care of it?”

As a result, doing background checks on applicants is a time-consuming, but necessary process.

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