Thai Real Estate Marketplace Hipflat Gets Investment From Aucfan

October 25, 2020
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The Thai real estate marketplace Hipflat has received an undisclosed amount in funding from Japanese comparison and price analytics company Aucfan. The funds will be used to bring our products designed to improve transparency in its home market which is often an opaque property market for the buyer. 

As an aggregator of property listings from across the spectrum of the Thai property landscape from developers to portals to individual landlords, Hipflat has developed proprietary technology for standardization of data and data mining which allows the company to extract and process pricing data from unstructured sources. The synergies with Aucfan, which does something similar in that it collects, cleans analyses, and packages data insights, are clear and both companies stand to gain insights from one another with Hipflat CEO Denis Nemptsev saying that he is interested in leveraging Aucfan’s experience in packaging data as a paid product.

October 25, 2020
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

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