Inspiration
The inspiration of the AQWIRE came from a growing struggle of real estate developers & buyers in selling & buying real estate to foreign countries.
What it does
AQWIRE s a Global Property Marketplace that handles real estate transactions in different stages of the sales cycle - from listing the units, translation of documents and contracts for foreign buyers, to paying for monthly amortization and dues.
How we built it
Since AQWIRE is backed up by an existing business, Qwikwire, it was conceptualized under the product of the existing business which is cross-border payments for real estate transactions. We interviewed real estate developers to know their impediments in acquiring & marketing buyers outside from their country. We also interviewed foreign buyers and identified challenges on how to acquire and own a property outside from their own country.
Challenges we ran into
The challenges that Qwikwire went through is acquiring its first enterprise client 3 years ago when switching to a new MVP. So the company is 5 years now, but it's just in 2015 that we found our MVP of facilitating cross-border payments for real estate developers since Qwikwire was a payroll system for freelancers before.
Accomplishments that we're proud of
Qwikwire was nominated by Rice Bowls Awards best Fintech startup twice in 2015 and in 2017. Qwikwire is now servicing the majority of the top 10 real estate developers in the Philippines. Qwikwire is a profitable business as well and exponentially growing. It has launched its newest project which is AQWIRE which caters to cross-border real estate developers by handling real estate transactions in different sales cycle.
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