Wednesday, August 17, 2022
Wednesday, August 17, 2022
Home Startups Moroccan startup Agenz raises $540k seed round for expansion.

Moroccan startup Agenz raises $540k seed round for expansion.

by Weddy Thuranira
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Agenz, a Moroccan property valuation startup, has raised 5 million Dirhams ($540K) in seed funding, making it one of Morocco’s largest seed rounds less than a year after its launch.

This funding, provided by Azur Innovation Partners, will be used to improve R&D and accelerate the rollout of Agenz across the Kingdom.

Agenz was founded to deliver credible real estate market data that is updated in real time, allowing individuals to make faster and more informed real estate decisions at the right time.

Brothers Malik BELKEZIZ and Badr BELKEZIZ founded the company, gathering a unique team of statisticians, engineers, and data scientists in Morocco to create the most successful real estate analysis and appraisal tools on the market.

Individuals can use the site to get a free valuation of their property, learn about local prices and offers, and choose the best real estate firm for their project based on objective criteria (zone of activity, sales history, 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 help all players in the real estate value chain (agents, banks, developers, insurance, and investors) enhance their activity and performance measures, such as customer acquisition and retention, portfolio management, and profitability.

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