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 homes. Thus, Tiko is able to buy the property that an owner wants to sell in a few days , eliminating uncertainty in terms, in price and in the sale process. And, if the owner is not in a hurry to sell his house, at Tiko we help him find the best buyer.
Every year, half a million people in Spain face a stressful process to try to sell a house. On average, according to data from the National Institute of Statistics, the owner takes about 8 months to find a buyer, with endless visits and administrative procedures.
In this context, Tiko was born, 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 stress from the buying and selling process.
With Tiko it is possible to sell well as well as quickly
Tiko 's business model is based on making 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, Zaragoza, Lisbon, Setúbal and Porto.
Tiko started working in 2017. However, the first 6 months were dedicated to debugging the technology so that the process was ideal for the client .
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 media specialized in business and technology.