EGYPT – isqan.com, an Egypt-based property-listing platform, has raised a six-figure seed funding round from the CEO of EGYGAB HOLDING, Mohamed Gaballah.
Founded four months ago, isqan.com has onboarded more than 50 companies, with property listings reaching over ten thousand. The startup plans to use the funds to hire more talent, invest in its marketing channels and develop its product.
“We are thrilled to be working with engineer Mohamed Gaballah. His investment in isqan.com is a testament to his belief in our team, product and growth strategy,” said Karim Kazem, co-founder of isqan.com.
The startup, according to its briefing, plans to close another financing round towards the final quarter of 2021 to bolster its growth plans.
“We aim to digitise the entire real estate industry in Egypt by providing users with the easiest, fastest and most powerful real estate search experience possible,” said Ali Ezzat, co-founder at isqan.com.
According to Omar Mohamed, the chief technical officer (CTO), tech lead at Isqan.com the investment will also support isqan.com in providing a valuable service and offering real value to its users by guiding them to make their next real estate purchase, helping usher the Egyptian real estate market into the modern age.
“isqan.com is a very unique product to the real estate market, not only that it provides a much-improved user experience and incredibly powerful features, but it is also powered by a very advanced and modern tech stack which enables us to provide these unprecedented offerings to the market,” said Omar Doma.
The startup also aims to close a further funding round in the final quarter of 2021 in order to boost its development plans.
According to Afrikan Heroes, Mohamed Gaballah’s faith in isqan was strengthened by the fact that Isqan.com’s team is a very strong one, with both co-founders of the startup having previous experience in the real estate industry.
As a real estate brokerage owner based in Dubai, Karim Kazem, CEO and Co-Founder of Isqan.com was able to realize the unquestionable importance of how real estate portals contribute to the digital economy. It was not long until he started working towards launching a real estate listing portal in Egypt.
In September 2020, iqan.com raised a six-figure seed round from an undisclosed angel.
Isqan.com is offering in the Egyptian property market, a completely free of charge service, giving end-users three free listings, to help them rent or sell a property. Isqan.com has partnered with a number of market leaders to offer users a wide range of trusted and legitimized options.
“We created Isqan.com to simplify the home buying, selling, and renting process. Isqan.com is an easy way for today’s clientele to search for commercial and residential properties. We aim to tap in to local and international property markets, ultimately revolutionizing the Middle Eastern digital real estate landscape,” Karim Kazem.
Companies listed on the platform include Egypt Best Properties, New Avenue, Byotat, Insider, B2B, Ultimate Real Estate, Remax, Irtkaz, Era, Daddy Estate Investment, Abrag, Proper Move, among several others.
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