Startup Receives Investment from Leading Swedish VC Milky Way Cap
Uppsala, Sweden – MIPARO, a residential real estate home listing portal for emerging markets, announced today that they received seed funding from Milkyway Cap, a leading Swedish-based early-stage venture fund. Milky Way acquired a 2% equity stake in MIPARO. This is the MIPARO’s second funding round. In early 2016, when the company was founded, West Island Invest AB invested $400,000 in seed-level funding. MIPARO now has a market cap of $8 million.
Susanne Birgerdotter, Partner and Board Member of Milky Way Cap said “We see a great opportunity in MIPARO because of their experienced and global management structure, and the fact that many emerging markets are underserved when it comes to online home listing, particularly for international buyers.”
MIPARO is also a major sponsor of the CEBU Property Expo which is taking place in Cebu, the Philippines on February 23 – 25.
Over 90% of all home buyers start their search on the Internet. Real estate online listing portals in the U.S. and Europe feature almost all housing inventory that’s for sale in their respective countries. In most cases, one or two portals dominate each country. Revenue is generated from agent and broker advertising. For example, Zillow, America’s leading listing portal, last year had annual revenues exceeding $1 billion. In the U.K., Rightmove is the leading home listing portal. Their revenues increased by 8% in the first half of 2017. Total revenue in 2016 was $313 million. Neither of these portals have much of a presence outside their own countries.
In developing markets, on the other hand, online home listings are often scattered among numerous brokers and sellers. Some countries have as many as 50 individual home listing platforms who seldom share their inventory postings. It is difficult, and often times impossible to find a single platform which features a country’s listings. This makes it difficult for both domestic and international buyers to find homes. Furthermore, there are virtually no listing platforms which target international buyers, who make up an increasing percentage of home buyers in many countries today.
“If you want to buy a home in another country where you don’t know the language, the market or the customs, you will have problems” said CEO and Founder of MIPARO Mikael Westoo. He noted further “ MIPARO will aggregate housing inventory on a single platform, put copy in the language and currency of the buyer, and help both the broker and buyer settle the transaction.”
Milky Way Cap’s investment will allow MIPARO to expand their offering in additional emerging markets. They also plan to put the investment funds towards marketing, brand development, and technology.
Milky Way was founded in 2016 in Sweden, MIPARO provides real estate agents and brokers in developing markets with a global platform to showcase their client’s homes, providing unparalleled international exposure. Home buyers can easily find properties in the respective markets because MiParo consolidates many of them on a single platform.
Real estate agents and brokers pay a modest fee to have their inventory listed on MIPARO. Their listings are then easily uploaded to MIPARO’s website for millions of international home buyers to see. All listings are translated into the target audience’s own language for no extra charge.
MIPARO will mediate conversations between buyers and sellers if they don’t speak the same language. Importantly, MIPARO requires a rigorous two-step verification process to make sure listings are real so buyers don’t fall victim to thieves and scam artists.
Today, MIPARO is the largest listing platform in Bangladesh and the second largest in the Philippines. They also operate in Mexico and Portugal. MIPARO plans to expand into India and Thailand in March. The company has increased revenues by 250% over the last six-months.
About Milky Way Cap
Founded in 2016 by a group of seasoned entrepreneurs and angel investors who target early-stage companies in Scandinavia. They seek startups that have the potential to grow into leaders in their respective categories.
To date, Milky Way Cap has invested in a number of startups including LIVE, iGotta Studios, Like a Boss Games, Privasee AB, House of Danger, Sthlm App Lab, MyMall, Windfall, Tag and MiParo.
Contact Info: Jeffrey Mindham Director of Global Media Relations New York, New York email@example.com Skype: jeffmindham Cell/Text: (001) 732.996.7944 www.miparo.com
CEBU, Philippines – The Country’s Largest Real Estate Show in the Queen City of the South, the 2nd Cebu Property Expo [CPE], is set to launch on February 23, 2018, at Cebu Trade Hall, SM City Cebu. The event will run for 3 days at the Cebu Trade Hall, SM City Cebu where top property developers and home suppliers in the Philippines and in Cebu will all be showcased.
Recognized as the premier destination of business outside Metro Manila, Cebu has undergone a significant transformation in the last few years in the Real Estate Industry. Property values have been on an upswing as Cebu transformed its skyline with large-scale residential, commercial, retail and hotel developments. Leisure activities supporting Cebu’s businesses are also in place to entice a broader range of visitors and tourists, said report of Colliers Philippines.
With the tagline “Find All Things Real Estate in the Queen City of the South”, the event will feature over 40 Exhibitors with more than 70 Real Estate Projects and Home Suppliers, Real Estate Brokerage Firms, Real Estate Marketing Agencies, Property Investment Firms and Consultancies, Vacation Membership Clubs, Home and Office Furniture, Construction Suppliers, Home Technology Solutions, Real Estate Online Portals and is expected to be visited by over 5,000 visitors.
The event will also host the 2nd Cebu Property Summit (CPS) that will feature 10 Speakers from the Real Estate Industry. CPS is the premier real estate conference and networking event for Real Estate Professionals, to be held on February 23, 2018 (Friday) from 10:00am-06:30pm at the Cebu Trade Hall, Meeting Rooms A-C, 3rd Level, SM City Cebu, Cebu City.
2nd Cebu Property Expo is sponsored by Miparo Philippines; Utilisun Solar International; Step Philippine Inc.; and Benchmark. Other participating brands are Robinsons Land, Grand Land, Alveo Land, King Properties, Palafox Associates, Vestahomes, Softouch Property Development Corporation, E. Ganzon, Total 2000 Corporation, Eurobrass Products, Agro-Macro Development Corporation, JLF Craft & Accessories, Green Grace Success, Mobe, CH Perez Bros Consultancy Corporation, Limbros Realty Development Corporation, Wacker Machines Supplies Corporation, Realty Beacon Philippines Incorporated, and RBG Philippines.
For exhibition or sponsorship inquiries contact David Abrenilla at +63-2-509-4792, +63-927-395-1575 or email firstname.lastname@example.org.
ABOUT THE ORGANIZER
Mediacom Solutions Inc. (MSI) is a leading Philippine exhibition and convention organizer. MSI is also the organizer of the Philippine Investment Expo and Conference, the Philippine SME Business Expo, the Visayas SME Business Expo, the Mindanao SME Business Expo, the Philippine Property Expo, the Entrepreneur and Franchise Expo and the Baby, Kids and Family Expo Philippines. For more information visit www.mediacom.ph
Even way before December, the Philippines is already in the thick of the holiday season. And in the midst of all the decorating, shopping, gift-exchanging, and celebrating, safety tends to be one of the last things on a homeowner’s mind.
Along with the cheer and goodwill that the season embodies are potential accidents and dangers and that may ruin the holiday. But following a few simple tips when decorating the home or leaving for vacation can help make sure any mishaps are avoided, and that indeed, you and your family have a Merry Christmas.
Choosing and Setting up Lights and Electrical Décor
Sure, you want your living room and other areas of the home to be well-lit and feel as Christmas-y as possible, which you can do, just be mindful of the condition and functionality of the décor use and how you go about using them within your space.
When buying a Christmas tree for the first time, make sure it is made of fire-resistant material. Exposure to heat from decorative lights or lit candles often may cause sub-par trees or inflammable ones to be engulfed in flames in a matter of seconds.
2. Speaking of lights, when purchasing new ones, always make sure that they are made by licensed manufacturers who follow strict quality standards. This ensures that your lights are not only safe to use, but will also last a number of holiday seasons. Also, try to opt for the LED variants, as these tend to use less energy and run cooler than the iridescent types.
3. If you already have Christmas lights, or any other décor that utilizes electricity, make sure to carefully inspect before using them again. Be on the lookout for damaged bulbs and sockets, and loose connections or bare wires that may cause serious shock or start a fire.
4. Avoid overloading electrical outlets with too many lights and décor to prevent overheating or fire. Also make sure no chord is being pinched by doors, windows, or furniture to avoid exposing any wiring.
5. When setting up electrical décor, make sure to use the right support and safety equipment. It is also advisable to work with a few more people, as it is always safer when there is another set of eyes and hands holding the ladder steady and is looking out for potential miscues.
6. Keep a properly stocked first-aid kit. This will prove useful not just during little accidents when setting up your décor, but also if you, your family, or your guests get into small mishaps in the midst of your numerous holiday celebrations.
Child- and Pet-proofing Your Home Décor
Christmas means family gatherings and parties. For most homes, this means the increased presence of children, and to some extent, pets. Make sure your home is safe for them amid the heavy activity of the Christmas season by keeping a few things in mind.
Avoid putting Christmas tree lights, ornaments, metal hooks, and other decorations small enough to be ingested where they may be easily reached by children.
2. Cover any unused outlets on extension cords to prevent anyone from accidentally coming in contact with live circuits.
3. Try to avoid using decorations that are sharp or breakable. Otherwise, remember to place glass and breakable ornaments out of the reach of small children and pets.
4. If you are using a tall Christmas tree, make sure it is kept from being toppled over by discreetly tying its main trunk to the wall.
5. Try not to light up decorative candles in the presence of children. If possible, opt for battery-operated LED candles; they are slightly more expensive but way safer. Also make sure to place candles, matches, and lighters out of reach of small children.
6. Fake or waxed fruit and other similar décor are choking hazards, so best to do away with them altogether or at least keep them out of reach. Chords and ribbons are often also part of décor, but they also pose a strangulation hazard and must similarly be tucked away from kids and pets.
When Leaving the House Unattended
It is important to have fun and enjoy the holiday season, and whether it is just for a few hours in the shopping mall or for a few days’ Christmas vacation out of town, this usually entails leaving your home unattended. Make sure your nice time out does not turn into a horrible time upon returning home by following these simple tips.
Make sure all appliances and lights are turned off when you leave or go to sleep to avoid the possibility of unnoticed electrical or fire hazards, and also avoid extra expenses on utilities. Make sure to put out candles and other open flames as well.
2. In the event that you will be away for an extended period of time, ask a relative or trusted neighbor to house-sit or at least check on your home periodically, not only to make sure everything is secure, but to also put away your mail, water your plants, and care for your pets (though it would be better if you take them with you, or have them babysat elsewhere, instead).
3. Don’t divulge anything about your itinerary online ahead of time. As excited as you are about your upcoming trip or party, don’t disclose too much information beforehand, as this may tip off people with nefarious intent that your home is going to be unattended for a given time. Save the social media or blog posts after your trip.
4. Make sure to lock up. Granted you likely do this whenever you leave, but as statistics tend to point out, crime rates also tend to increase during the season. So don’t just lock the knobs and windows when you leave, but also secure your doors’ knob-less locks, use pad locks on your gates and garages, and cover up any vehicles not in use when you leave for the best possible security.
Cebu Property Expo welcomes another exhibitor that offers great training services for any individual who want to learn about launching, running, and growing their own highly successful business.
MOBE (My Own Business Education) is a business training company catering to small business owners and entrepreneurs. MOBE offers a large selection of online training products, services, live training events and exclusive masterminds to help you along your business journey.
Here are what their past attendees had to say about their services:
I am a retired school teacher and didn’t know much about online marketing but using Matt’s system, I have already made over $71,945.47 in my spare time.
This workshop was truly an eye opener. Matt’s business system really makes it easy for anyone, even newbies to generate a significant income online.
Chris Susan Beesley
London, United Kingdom
The strategies I learned from Matt and his training programs have taken my online business to over $522,630 in revenue in less than 2 years.
Matt’s training, marketing and business systems are a must for anyone wanting to start or grow their affiliate based online business.
Having multiple sources of income is important to me. Matt’s systems has allowed me to tap into an online model I was not aware of before.
Matt’s training and business system has had a huge impact on my success. In my first 18 months online, I was able to make $253,147.89.
To know more about MOBE, visit their booth located at SR7 at the 2nd Cebu Property Expo on February 23-25, 2018 at Cebu Trade Hall, SM City Cebu.
The cold weather, Christmas songs on the radio, and people who flock inside the malls to buy gifts make the forthcoming Christmas day more apparent. It also signifies that the Christmas bonus everyone is looking forward to is at hand. The way we would spend our Christmas bonus can truly affect our finances. More so, while it is easier to splurge than save, where our money goes should positively affect our lives.
Here are ways on how you can make the most of your Christmas bonus:
1. Buy new clothes
Go to the mall and buy new clothes. Upgrade your wardrobe; fill it with clothes that would make you look better. Shop for clothes you can use in different occasions. However, pick only those that you actually need and would wear.
2. Go get that gadget
It is okay to reward yourself with a new smartphone or laptop occasionally. Just be prudent and exercise wisdom before you make a purchase. The holiday season is a great time to spoil yourself because of the things you have accomplished during the year.
3. Pay down debt
If you have debts, it is wise to get rid of them before you splurge. It is certainly less fun to pay down your debt than to travel and explore new cities; however, if you can free yourself from bad debt faster, you can definitely use your future bonuses on great things that you want to have and do.
Invest in stocks, mutual funds, and other related ventures. These opportunities can grow your finances considerably and greatly affect your future. Talk to a financial adviser and see what kind of investment would suit your cash flow.
An emergency fund is undeniably important. Save a portion of your Christmas bonus that will serve as your money buffer for sudden expenses. It is ideal to save so if unexpected and unfortunate events that would affect your finances happen, it will not be hard for you to find money.
6. Start a business
You do not have to put up a restaurant, but if you can, why not? Start a business to earn more. Remember, great things come from small beginnings. Take a leap of faith and see where a business would take you. Always aim to multiply your money.
7. Take a vacation
After all your hard work, you totally deserve a break. Treat yourself and go enjoy a getaway far from the taxing activities of life in the metro. There are airlines that offer cheap flights so you do not have to spend much on tickets. Pack your bags, see the world, and learn about new cultures.
8. Use it as a down payment for a house
Be smart and use your Christmas bonus as a down payment for a home. A house can pass as the greatest tangible investment anyone can ever make. Nowadays, many developers offer properties with low down payment. Do not forget that before you actually use your hard-earned bonus as a down payment, you need to educate yourself about the real estate market.
It is entirely up to you how you will use your Christmas bonus; just make sure you do not end up baffled, wondering where your money went.
With the country’s growth looking to remain stable throughout 2017, there is little doubt that the real estate market will continue its upward trajectory
For a lot of Filipinos, buying a home is the ultimate dream. It is having a space that you own, and can call your own home.
Recent years have seen a boom in Filipinos purchasing real estate, driven by lower loan interest rates and construction boom in the residential real estate sector.
In 2014, 69 percent of Filipinos prefer renting a house over buying one. The study, conducted by Lamudi Philippines, also reported that those who did plan on buying a home—96 percent—were looking to buy property in Metro Manila.
In 2015, Lamudi reported that an increasing number of people in the 25-34 age range were looking into buying homes, and the proclivity to want to buy gets higher as they get older.
When It Becomes an Idea
Much of a person’s capability to purchase a house stems from having the finances to cover the down-payment and monthly loan amortization on the property. Other times, people invest in real estate even when they have zero cash because they really want a home to call their own.
With property prices in highly sought-after communities in the country increasing, one of the most viable options for people who wish to purchase homes is to buy pre-selling condos in soon-to-open mixed-use townships or in fringe areas outside Metro Manila.
Here’s where there is a divide between homebuyers. Those who are younger tend to prefer having access to the city, and thus, look for houses or condominium units that are within the city—with Quezon City and Makati topping the list at 27 and 20 percent, respectively.
While the volume of people looking for houses to buy increases as they age—around the 25–34 age range—they also begin to expand their searches to outside Metro Manila.
Many Metro Manila–based homebuyers who cannot afford the capital’s expensive real estate are looking at houses in the provinces of Cavite, Laguna, and Rizal.
One of the factors that influence the current real estate boom is the country’s massive housing backlog(estimated to be between 3 and 5.5 million housing units).
As the Philippines’ population has already crossed the 100 million mark, providing shelter to this many Filipinos is a huge challenge. As a result, townships, mixed-use communities, low-cost condominiums, and subdivisions have sprouted up in areas surrounding Metro Manila. However, more should be done in terms of housing affordability and increasing access to financing.
It does not look like this trend will stop anytime soon. Real estate developers have started to look further outside Metro Manila for their next big projects. Given this overall optimistic sentiment, those who want to buy property should be able to do so without stretching themselves too thin.
With the country’s growth looking to remain stable throughout 2017, there is little doubt that the real estate market will continue its upward trajectory. It is expected that more investors are planning to come in as the demand for living space rises, and this creates a continuous effect of creating jobs that contribute to overall spending power for those who want to buy a house.