Prop-tech Startup Secures Six-Figure Funding

Isqan, an Egyptian prop-tech startup, has secured a six-figure sum as part of a seed funding round.

Founded by Ali Ezzat and Karim Kazem in August 2020, Isqan is a real estate listing platform that simplifies the process of renting, selling or buying properties in Egypt.

Even though it launched not long ago, the startup has more than 50 companies , over 10,000 listings and attracted thousands of users.

The duo hopes to use the seed fund to hire more talent, invest in marketing and develop their services further.

Speaking on the investment, Ali Ezzaz stated that it is an indication of how the platform will “play a pivotal role in the digital transformation of the real estate sector as well as the willingness of top players in the sector to venture and invest in startups on the forefront of this transformation.”

Additionally, the founders said they hope to digitize Egypt’s real estate industry by creating powerful, fast and easy-to-use search experiences that enable users to sift through listings as efficiently as possible.

Isqan aims to expand its growth plans across Egypt and has plans to raise another financing round towards the final quarter of 2021.