Agenz, a property valuation startup in Morocco has secured 5 million Dirhams ($540K) in seed funding less than a year after its launch.
This funding which came from Azur Innovation Partners is considered one of the largest seed funding rounds in Morocco and will be channeled towards hastening the rollout of Agenz around the Kingdom and also improve R&D.
Agenz was set up to provide reliable real estate market data updated in real time, in order to help people make faster and smarter real estate decisions and at the correct moment.
The company was founded by Brothers Malik BELKEZIZ and Badr BELKEZIZ, bringing together a unique team of statisticians, engineers and data scientists in Morocco to develop the most successful real estate analysis and appraisal tools on the market.
On the site, individuals can value their property for free, get info on local prices and offers, and also select the real estate firm most suitable for their project based on objective criteria (sales history, zone activity etc.).
Malik BELKEZIZ gave an insight on the use of Agenz saying, “The site and its functionalities accessible were designed to make the real estate transaction process seamless for users: by providing each project leader with market transparency, whether tenant or seller-buyer, and also by helping professionals promote their expertise and prospects effectively.”
Agenz.ma made a successful debut in Casablanca, recording more than 20, 000 estimates in a few months, market benchmark partners and also increase in traffic growth.
It is set to be introduced across the Kingdom in the coming weeks, introducing more extensive property assessment solutions and digital market analysis in the start of 2022.
Agenz’s ambition is to assist all the players in the real estate value chain (real estate agents, banks, developers, insurance, and investors) improve their activity and performance metrics which includes; customer acquisition and retention, portfolio management, profitability and so on).
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