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What is it and how was Tiko born?


What is it and how was Tiko born?

What is it and how was Tiko born?

Tiko is a Spanish company in the Proptech sector founded in mid-2017 in Madrid. Its business model, which has already been successfully tested in other European cities, is based on applying technology to the real estate sector.

Tiko is a direct buyer of the houses. Thus, Tiko is able to buy the property that an owner wants to sell in a few days , eliminating uncertainty in terms, in the price and in the sales process.

Every year, half a million people in Spain face a stressful process trying to sell a house. On average, according to data from the National Institute of Statistics, the owner takes around 8 months to find a buyer, with endless visits and administrative procedures.

Tiko was born in this context, to provide the fastest, most comfortable and easiest way to sell a home: in just one week and taking care of all the paperwork to eliminate the stress of the buying and selling process.

With Tiko it is possible to sell well as well as quickly

Tiko 's business model is based on carrying out a large volume of sales, which allows for very competitive offers . That is, the profit margins are very tight on a large volume of operations. This has been key to the success and rapid expansion of Tiko to other provinces such as Barcelona, Malaga, Seville, Valencia, Vizcaya and Lisbon.

Tiko started operating in 2017. However, the first 6 months were dedicated to debugging the technology so that the process was ideal for the client . The iBuyer model emerged in the United States in 2014 with Opendoor as the maximum exponent. This company, which has grown to carry out more than 7,000 operations a year and is already valued at approximately 4 billion dollars, inspired the founders of Tiko to import this model to Spanish soil.

In these years, Tiko has grown exponentially and has achieved great milestones, such as being chosen as one of the 50 most innovative companies of 2020 by Fast Company , the specialized business and technology media.

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