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Published: 18 may 2021 09:31

EIKA Group invests in a UK startup

Domas Dargis
Žygimanto Gedvilos / 15min nuotr. / Domas Dargis
In their first bid to enter the international market, EIKA Group has made a £100,000 (EUR 116,000) investment into a UK startup Movewise which is currently developing a new property sales platform.

According to Domas Dargis, EIKA’s Managing Director, investing in proptech startups is an integral part of the company’s innovation strategy. “Our internal innovation programme started in 2017 and we have been applying startup best practices in our everyday activities for a while now. We are ourselves bringing an increasing number of innovative products and services to the market as well as collaborating with both local and foreign startups,” says D. Dargis.

Movewise founder and CEO Tom Scarborough believes that his startup will benefit not only from EIKA’s financial investment but also from the company’s highest-level expertise in marketing, IT and sales management, all of which could be integrated into the new property sales platform.

Movewise is the only property sales platform in the UK allowing vendors to use several estate agents at the same time. This approach benefits vendors looking to sell their properties to small or medium-sized developers, it also gives businesses and individuals access to the best local estate agents and provides a positive property selling experience.

Movewise are aiming to become the first choice of property sales platform in the UK, where over 130,000 properties are sold every year. Future expansion into other European countries is also planned. Founded in 2018, Movewise began operating in early 2019 and have already completed 100 property sales with a total value of £65 million.

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