AQWIRE, a Philippine prop-tech startup, announced it has raised US$2.1 million in a Series A financing round, led by Spiral Ventures.
The company is also expecting US$2 million in venture loans to be used for float and security deposits.
The fresh funds will go towards expanding their products and enter new markets within the region.
The company claims it is projected to break US$1 billion in yearly gross volume by 2023.
Founded in 2018, AQWIRE enables local developers and brokers to access foreign property investors, including 12 million Filipinos overseas.
The platform partners with overseas listing sites to provide cross-border property listing and management, mortgage loans, and payments processing.
Some of AQWIRE’s clients include notable developers in the Philippines, such as Ayala Land, Megaworld, and Vista Land.