Ask Wire: Investing in the future of real estate

Ask Wire, the leading real estate data analytics firm specialising in the Cyprus and Greece markets, has announced the closing of its extension funding round. The latest round attracted participation from both existing and new investors, highlighting strong confidence in the company's innovative products and growth trajectory.

By combining data from various sources, including open data, government and EU databases and high-resolution satellite images, Ask Wire offers an innovative and unified platform that creates a comprehensive profile of every property across Europe. Its vision for greater transparency has resonated with investors from Cyprus, Europe, and the USA, making it one of the most significant startups in the region.

With a foundation built over nearly three years, Ask Wire has developed comprehensive software and data driven tools tailored to the unique real estate environment in Cyprus and Greece. These include:

• Real Estate Dynamics (RED): An intelligent market analysis tool offering insights into transactions, asking prices, new construction, and time on the market to aid decision-making for banks, investors, and real estate agents. RED provides data for more than 140,000 transactions and 22,000 asking prices across Cyprus, updated daily. In Greece, RED provides data for 200,000 transactions and 450,000 asking prices.
• Risks and Hazard Data: Tailored analytics designed specifically for insurance risk assessments, leveraged by leading insurers. This includes earthquake, wildfire, flood, landslides, etc. as well as demographics and crime data.
• Lead Generation: A cutting-edge solution spotting trends in urban growth and demographics, aiding businesses in identifying unparalleled opportunities to target clients, make strategic investments, etc. The company has also developed customer-attracting tools for photovoltaics sellers and installers and for homeowners who want to improve the energy efficiency of their homes.

Ask Wire’s business expansion is well underway, with notable clients including the Cyprus government, systemic banks, NPLs servicers, and insurance companies. The newly secured funding will be utilized to accelerate the growth of these services and further solidify Ask Wire's position as a trailblazer in the industry.

In reflecting on the company's journey, Ask Wire's CEO, Pavlos Loizou, commented, “We launched in Cyprus in September 2020 and entered Greece two years later; we are now rolling out what the team has been focused on for the past three years. We have taken great strides in digitalizing Europe’s real estate data ecosystem. This new investment allows us to expand further, providing unparalleled insights and tools for our growing client base.”