XPLOR raises $3m in new funding from Dubai group Ayana
DUBAI, February 13, 2021
XPLOR, a homegrown tech start-up seeking to revolutionise the construction and real estate industries in the Middle East and North Africa (Mena), has raised $3 million in new funding with the backing from Ayana Holding, its lead investor.
A Dubai-based real estate eco-system provider, Ayana Holding is an innovative and forward-thinking company that strives to propel thriving local businesses by joining forces and offering an extensive scope of services and expertise.
Over the years, Ayana has grown a diversified investment portfolio that spans a multitude of industries, including architectural design, interior design, building materials, FF&E and real estate brokerage and project management.
XPLOR pointed out that the company will leverage these funds to fuel the next stage of its growth and expansion.
Responding to the growing need for digitization in the real estate and property development sectors, XPLOR will step up its endeavors to develop future technologies that help enhance customer experience and improve operational efficiency in various asset classes.
The company will harness the potential of new and emerging technologies such as blockchain to offer solutions to key challenges facing service providers and consumers.
On the announcement, Can Turkan, the founder of XPLOR, said: "Although digital transformation has been on the agenda of many businesses for years, the Covid-19 pandemic has expedited its adoption across industries including real estate."
"As a company that pioneers new technologies that transform the sector, XPLOR is excited about the prospects of increased focus on digitization. We are confident that the fresh funding will incentivize our pursuit of innovations and further enable us to create a meaningful impact on the regional real estate industry," noted Turkan.
"We thank Ayana Holding and our partners for their support that motivates us to aim for greater successes," he stated.
According to Turkan, the new funding comes as blockchain is disrupting the real estate industry and reshaping various aspects of business and operations, including KYC, transactions, and contract management, among others.
XPLOR is keen on capitalizing on the prospects of its transition into a truly electronic, Blockchain-enabled industry, whereby playing a key role in making the sector safer and more efficient, and affordable, he added.-TradeArabia News Service
