UrbanAce Is Gearing Towards Series A Funding
After 2,5 years testing and validating business model, this seed stage Jakarta based proptech in technology enabled real estate agent is gearing towards Series A funding.
The decision to raise fund comes as no surprise as Indonesia property market cap has reached 1000 Trillion IDR (70 Billions US$) in 2018. They are divided almost equally between consumer transaction and construction capitalization.
UrbanAce is focusing in the consumer transaction, the typical home buy, sell, and rent that in 2018 alone has reached 284 Trillions IDR (18 Billions US$).
Ronny Wuisan, CEO & Co Founder said “We have raised twice from strategic investors whom believe in what we want to achieve. We will use the Series A funding for expansion to other cities, strengthen tech, sales, training and marketing team and use some fund to promote the value and key message of our brand”
UrbanAce has solid traction as proven case with 568 Billions IDR (36 Millions US$) transaction and 14 Billions IDR (1,2 Millions US$) gross commission. All transaction is coming from a huge agent network of 1100 UrbanAce Ambassador.
“We call our agent as Ambassador as they are our representative in providing UrbanAce service value to customer. They come from various background whom we recruit, train and empower to be professional smart tech driven real estate agent” Ronny added.
UrbanAce mission is to build a modern future real estate agent using technology and great service. The focus is in making our Ambassador the most efficient and effective in helping customer solving their property needs.
To achieve that, UrbanAce equip them with powerful mobile application : UrbanAce Ambassador Smart Selling Tool available for easy download in both Android and IOS. Everyone can join FREE as Ambassador (Daftar Ambassador). It is already Indonesia biggest new property collection app with 200+. Using the app, Ambassador can transact new, secondhand, mortgage and interior easily and get best commission, cash bonus, holiday trip and win Daihatsu Ayla.
“We recruit, train, help them transact faster, more and sustainable and they get reward handsomely. Repeat! The best job in the world is selling property,” Ronny added.