A.I. Overseas Property Mortgage Matching Platform, HK Start-up, PropCap raises USD 1.5 million Series Pre-A round funding to Japan, Australia and China market expansion.

A.I. Overseas Property Mortgage Matching Platform, HK Start-up, PropCap raises USD 1.5 million Series Pre-A round funding to Japan, Australia and China market expansion.

Propcap Technologies Limited (PropCap), a Hong Kong lending marketplace that specializes in overseas property mortgage matching platform, plans to complete the Series Pre-A round in the first half of the year. The upcoming capital raise is scheduled to kick off by April this year. Deal size could be up to USD 2m, at a target of USD 12m pre-money valuation, PropCap has reached a price tag of USD 8.5m after securing USD 506,000 in the second tranche in October 2021. The funding will be used for business expansion in the U.K, setting up a subsidiary and acquiring for the money lending license in Japan, expanding market entry into the Greater Bay Area (Mainland China) and Australia.
PropCap New Move in Japan

PropCap New Move in Japan

PropCap 除了香港以外,日本亦是重點開拓市場。日前,PropCap 團隊在日本拜訪了 Tokyo Metropolitan Government (TMG) 及日本有名地產商Mitsubishi Estate。今次拜訪中,很榮幸得到兩間機構都給予 PropCap支持。