Spain-based I-Buyer Tiko has launched in Portugal, the AIM Group has learned.

Initially, the I-Buyer is only buying residential properties in Lisbon with a space over 40 square meters.

Tiko, which raised this year a series A funding of $65 million US, led by BTOV’s Digital Tech Fund and private partners, promises to make a purchase offer in 24 hours. It also promises sellers to close the transaction in seven days.

In Lisbon, Tiko will also sell homes, the AIM Group has learned. Its inventory should grow as the company buys and resells the improved properties.

In July this year, Tiko hired Manuel Holstein to head the business operations in Portugal.

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