FazWaz, a proptech company based in Thailand, has picked a controlling stake in Lifull Connect, a leading real estate aggregation network headquartered in Japan.
This strategic move comes after Lifull Connect’s acquisition of FazWaz in 2023.
With Lifull retaining a key shareholder position, this transition marks a significant step for both organisations.
Michael Kenner, Managing Director of Lifull Connect, stated, “Capitalising on Lifull Connect’s global infrastructure and our entrepreneurial spirit, we are strategically focused on M&A and raising new capital to drive unprecedented growth. This transition is the perfect platform for achieving our vision of becoming the world’s leading PropTech company.”
Lifull Connect was established in 2019 through the merger of Trovit and Mitula, previously listed on the ASX, and has since grown into the largest aggregation network in real estate. Over the years, the company has evolved from offering aggregation services to direct engagement with property markets, serving hundreds of millions of users globally.
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Lifull Connect’s operations are structured across three key regions: Southeast Asia, Europe, and Latin America. In Southeast Asia, the focus is on growth through transactional platforms and property portals. Europe will continue to benefit from Lifull Connect’s established leadership in real estate aggregation. And in Latin America, the company will expand portal-driven solutions in high-growth markets.
Lifull, one of Japan’s leading proptech companies, will remain a key shareholder supporting Lifull Connect’s global mission. The transition was celebrated at Lifull’s headquarters in Japan, with both companies’ leaders reflecting on Lifull Connect’s journey.
The company is now set to accelerate its expansion through strategic mergers and acquisitions and new capital investments.
FazWaz is a real estate platform that provides brokerage services to make buying, selling, or renting a property easy. The company’s vision is to make buying a property as simple as booking a holiday.
In 2020, FazWaz raised an undisclosed amount of investment in an acceleration funding round led by CAV Investment Group, an investment company for Simon Baker, ex-CEO REA Australia and ex-Chairman of Mitula.
Both FazWaz and Lifull Connect are committed to using technology, including Artificial Intelligence, to enhance the real estate experience globally.
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