Clicpiso reports profitable first year

12 Oct 2018

Madrid-based proptech startup Clicpiso.com announced that it’s invoiced 5 million ($5.8 million U.S.) in its first year of business and has enjoyed “positive cash flow” for the past several months.

Francisco Moreno

In a press statement, co-founder and CEO Francisco Moreno said Clicpiso reached break-even after four months and has grown by double digits since.

The company is the first iBuyer-style real estate agency in Spain. Moreno and co-founder Victor Ortiz (LinkedIn profile) worked in the United States and brought the model home to Spain. Clicpiso launched with backing from Spanish investors, including the executives of companies like Santander U.S., Aviva, Dunas Capital, Inverseguros, Aena, and LaFinca.

The company offers free valuations within 24 hours. If the offer is accepted, it completes the purchase within seven days. This is significant in a country where the average property takes 10 months to sell. So far, all sellers have given Clicpiso five-star reviews.

It has also been short-listed for two awards. It was among the top 20 out of 500 companies selected by property company Neinor in its startup competition and was one of nine finalists for a Country Award in BBVA Bank’s Open Talent fintech competition.

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Cila Warncke

Cila joined AIM Group in 2014 as writer/analyst for Spain. An Anglo-American living in Ibiza, she brings extensive international writing and consulting experience to the role. Educated at University of Pennsylvania (BA) and Glasgow University (MLitt), she has worked for wide range of consumer and B2B publications and companies in Europe and the USA, writing on topics ranging from marketing to travel to music to ultra-marathoning. She uses her writing, research and analytical skills to help clients tell their stories, grow their business, reach new audiences, build loyalty and exploit new media channels. Cila is also an award-winning essayist, creative writer and founder of Creative Writing Ibiza.