Cypriot fintech that provides insightful property data across Europe, WiRE has raised approximately €1 million from institutional and private investors from Cyprus, Europe, and the U.S.
The company collates data from various sources that have disparate but complimentary characteristics of the real estate market, including geography, size, age, etc but also geology, hydrology, environmental risk, natural hazards, etc. This data is combined with dynamic images and analysis from the European Space Agency’s satellite network and is made available through an array of APIs and consumer products.
Pavlos Loizou, CEO, WiRE said: “We utilise technology to access, analyse and enrich different data sources in an innovative way. Our goal is to put all this real estate data across Europe under the same platform, keep our platform open to companies and the public to give transparency and provide the foundations for new applications, tools, and financial products to be developed using our database.”
The platforms customers range from insurance companies to banks, real estate investors and developers, who use this data and tools to make more informed decisions, increase revenue and reduce operational costs.