Isqan.com, the recently launched real estate startup has raised a six-figure investment in a Pre-Seed round from an angel investor who shared the same dream as the co-founders. The digital platform aims to become the go-to resource for people looking for their next property, whether to rent or buy in Egypt. By combining a user-friendly search experience and a comprehensive marketing understanding of real estate companies, Isqan.com is a fresh new platform for the currently available solutions.
“We started talks with our investor right before the current crisis. We are extremely grateful that he was able to share our vision for the company and for sticking with us during these extremely tough times. The funds will be used for growing our user base and continuing to develop the product,”Karim Kazeem, co-founder at Isqan.com said.
Why The Investor Invested
It looks what convinced the angel investor to invest in Isqan.com is the strength of the team, with both all 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.
On his part, co-founder Ali Ezzat’s journey as a tech entrepreneur in Egypt made him the ideal person to build a technology-based solution that fits this specific market need.
Read also: This Is How The Egyptian Government Is Supporting Egypt ’s Startup Ecosystem
A Look At What The Startup Does
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 ahead of its launch to offer users a wide range of trusted and legitimized options. The listed companies include Egypt Best Properties, New Avenue, Byotat, Insider, B2B, Ultimate Real Estate, Remax, Irtkaz, Era, Daddy Estate Investment, Abrag, and Proper Move.
“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.”
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer