Singapore proptech startup Ohmyhome raises S$4m Series A funding

On Thursday, Singapore-based  OHMYHOME announced it has raised S$4 million in Series A funding.

The funding was  led by Golden Equator Capital with participation from individuals and family offices.

Launched in September 2016 by sisters Rhonda Wong and Race Wong, Ohmyhome seeks to simplify how properties in Singapore are being transacted, through making housing transactions simpler, faster and more affordable. The platform facilitates do-it-yourself transactions, and offers fixed-rate agent services, as well as on-demand mortgage and legal services.

Since its launch, more than 2,000 homes have reportedly transacted through Ohmyhome, which represents a combined value of more than S$850 million. The platform has also saved customers a total of S$20 million in commission as at September 2018, said the startup.

Currently, Ohmyhome has offices in Singapore and The Philippines, and with its fresh round of funding, plans to deepen its presence in Singapore and plans to expand into Malaysia and Thailand.

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