PROPZY
Propzy is a full-stack real estate platform that originates and facilitates property sale and leasing transactions in Vietnam. By combining a real estate marketplace on the front end with logistics, documentation, and transaction services on the backend, Propzy has created a strong value proposition for consumers and has established a clear competitive advantage in Vietnam. Vietnam has a total population of 92m with a very high mobile penetration rate of 147%. By 2017 all 4 major mobile opera... tors had been issued 4G licenses, providing the platform for strong increases in Internet and smartphone penetration. Strong listing growth in 2017 is expected to significantly drive revenue growth due to the transaction focused business model. In Q1 2017, Propzy facilitated a total of $190mm in property transactions with an average share of the total commission of 0.40% and is currently on track for $300mm for Q2 (150% QoQ growth). In 2015 there were a total of 357k property sale transactions in Vietnam, with potential agency commissions for the whole Vietnamese market as high as US$1bn. The CEO and founder of Propzy, John Le, is a highly successful entrepreneur having founded and sold several technology businesses in North America. In 1999, he founded one of the Internet’s first mortgage trading platforms (LoanTrader) and attracted top tier investors including Goldman Sachs, Citigroup and Koch Industries. John Le has been awarded the Ernst & Young Entrepreneur of the Year (Orange County) and Deloitte’s Fast50 winner. In 2009 John Le returned to Vietnam to found Vietnam’s first international credit bureau along with operating and financial partner TransUnion.
PROPZY
Industry:
Marketplace Real Estate Social Media
Founded:
2014-07-01
Address:
Ho Chi Minh City, NA - Vietnam, Vietnam
Country:
Vietnam
Website Url:
http://www.propzy.vn
Total Employee:
501+
Status:
Active
Total Funding:
33 M USD
Technology used in webpage:
Domain Not Resolving SPF WordPress Google Apps For Business Pinterest Accelerated Mobile Pages RankMath GTM4WP Mailgun MailChimp SPF
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Current Employees Featured
Quang Tran Hong Operation Director @ Propzy
Operation Director
2021-08-01
John Le CEO & Founder @ Propzy
CEO & Founder
2015-09-01
Donald Henig President @ Propzy
President
Founder
Investors List
Insignia Ventures Partners
Insignia Ventures Partners investment in Series A - Propzy
SBVA
SBVA investment in Series A - Propzy
Gaw Capital Partners
Gaw Capital Partners investment in Series A - Propzy
FEBE Ventures
FEBE Ventures investment in Series A - Propzy
RHL Ventures
RHL Ventures investment in Series A - Propzy
Breeze Ventures
Breeze Ventures investment in Series A - Propzy
Next Billion Ventures
Next Billion Ventures investment in Series A - Propzy
Insignia Ventures Partners
Insignia Ventures Partners investment in Convertible Note - Propzy
GS Shop
GS Shop investment in Convertible Note - Propzy
Frontier Digital Ventures
Frontier Digital Ventures investment in Convertible Note - Propzy
Official Site Inspections
http://www.propzy.vn Semrush global rank: 12.3 M Semrush visits lastest month: 118
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More informations about "Propzy"
Startup Shutdown: Vietnamese Proptech Startup …
Sep 13, 2022 Propzy, named one of the “emerging giants” in Vietnam’s startup ecosystem, has begun shutting down operations. The proptech startup was launched in 2016 and had ... Source: propzy.vn. When Vietnamese American …See details»
Propzy - Crunchbase Company Profile & Funding
Propzy is a full-stack real estate platform that originates and facilitates property sale and leasing transactions in Vietnam. By combining a real estate marketplace on the front end with logistics, documentation, and transaction services on the …See details»
Proptech startup Propzy suddenly ceases operation
Sep 20, 2022 In 2020, Propzy Vietnam had 1,200 employees, 80,000 customers, and more than 30 transaction centres. However, its ambitions were halted due to the Covid-19 pandemic. In September 2021, the company cut …See details»
Proptech startup Propzy to close up shop - VnExpress International
Sep 14, 2022 Propzy Service, one of its subsidiaries, closed down last June. Three months later, the startup was reported to fire half of its employees, mostly in sales, to restructure its …See details»
Propzy stops operating in Vietnam - Vietnam Insider
Sep 16, 2022 Not long ago, Deal Street Asia reported that real estate portal Singapore 99 Group is looking for merger opportunities in Southeast Asia Singapore, which may include Propzy. Sources said that Propzy’s activities …See details»
Vietnamese proptech startup Propzy to shut down
Sep 13, 2022 Founded in 2016, Propzy was one of the most notable proptech startups in Vietnam. The company positioned itself as an end-to-end platform that provides a safe environment to buy, sell, and rent ...See details»
Vietnamese proptech startup Propzy ceases operation
Sep 15, 2022 Propzy's ambition was to diversify its real estate products and launch direct mortgage lending. The startup aimed to penetrate Southeast Asian countries such as Thailand, Malaysia, and the Philippines. By 2017, this …See details»
Propzy - startup công nghệ bất động sản từng ... - VnExpress
Sep 14, 2022 Propzy - startup công nghệ bất động sản từng gọi vốn 30 triệu USD đóng cửa . TP HCM Khó gọi vốn, gặp bất lợi do đại dịch cùng với bất ổn kinh tế toàn cầu khiến Propzy không …See details»
Propzy Company Profile 2024: Valuation, Funding & Investors
Propzy General Information Description. Developer of a real estate platform designed to facilitate property sale and leasing transactions in Vietnam. The company's platform features a …See details»
Propzy Company Profile - Office Locations, Competitors, Revenue …
Propzy has 5 employees at their 1 location and $32.6 m in total funding,. See insights on Propzy including office locations, competitors, revenue, financials, executives, subsidiaries and more …See details»
Singapore-based 99 Group considers buying Vietnam's Propzy
Sep 7, 2022 In June, Propzy dissolved a Vietnamese legal entity related to its direct sales staff and laid off 50% of its employees to restructure its business model following the Covid-19 …See details»
Propzy, a Vietnamese offline-to-online real estate ... - TechCrunch
Jun 9, 2020 Propzy, a Vietnam-based startup that guides consumers through the entire process of a real estate transaction, has raised a $25 million Series A led by Gaw Capital and SoftBank …See details»
Vietnamese real estate startup Propzy raises $25mn in series A …
Jun 12, 2020 The startup would take advantage of Propzy.vn’s business model, which has consistently recorded 50-percent month-over-month growth, to develop leasing services. …See details»
Ứng dụng giao dịch bất động sản đột phá tại ... - Propzy
Sep 29, 2023 Propzy là công ty công nghệ hoạt động trong lĩnh vực Bất động sản, chính thức ra mắt vào đầu năm 2017 với mong muốn trở thành “Uber Bất Động Sản Việt Nam“.See details»
Propzy, a full-stack real estate platform based in Vietnam raises …
Jun 10, 2020 “Propzy is an example of the many macroeconomic successes in Vietnam. With its innovative breakthrough in real estate’s offline to online business models, we see the immense …See details»
99 Group ‘exploring’ option to buy Vietnam’s Propzy - Tech in Asia
Sep 6, 2022 The source also notes that Propzy is one of a dozen potential targets for 99 Group, which recently raised US$37 million in a round led by real estate-focused private equity firm …See details»
Propzy seeks to raise $50 million in Series B - VIR
Jul 3, 2021 Commencing in mid-2022, Propzy will have launched its services in Hanoi as well as entering Tier 2 cities. In the meantime, in order to execute on their upcoming 24-month plan, …See details»
propzy | Propzy.net ® Quảng cáo nhà đất kiểu Mỹ đầu tiên tại Việt …
Propzy là công ty công nghệ hoạt động trong lĩnh vực Bất động sản, chính thức ra mắt vào đầu năm 2017 với mong muốn trở thành “Uber Bất Động Sản Việt Nam“.See details»
Propzy.vn - A new approach to transparency in Vietnam's real …
Mar 10, 2021 The Highlights:1. John Le created Propzy.vn aims to build a new ecosystem of real estate hunting in Vietnam where’s convenience is prioritized2. Propzy.vn evaluates that the …See details»
Vietnam-based proptech startup is seeking to raise $50 million in …
Jul 5, 2021 Propzy, a Vietnam-based proptech startup that guides consumers through the entire process of a real estate transaction, is seeking to raise $50 million in its Series B funding …See details»