However, one add-on that Ms Chen hopes to have is an ability of users to secure mortgages through the platform.

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The founders are planning to use the funds to invest further to develop the product and technology, including investing in machine learning, to improve the customer experience. As a start-up, you always want to move faster. I wish we could iterate faster. We could test more frequently, and this is something that we are always working on. For us it's always about testing. It makes all the difference.Users visiting the platform need to enter in specific details such as the preferred area and the number of bedrooms they require. Nomad Homes will use algorithms to suggest listings that might be suitable for users based on the details provided. Nomad Homes partners with property brokers in a bid to offer a wide range of authentic listings. Once a sale goes through, the start-up takes a commission from the deal. The platform also offers buyers a list of financing options, too. If you love what you do and you're solving a problem that's meaningful to you, you will figure it out. COMPANY PROFILE Real estate marketplaces such as Nomad Homes, Redfin and Zillow are surging in popularity as homebound users increasingly embraced digital channels amid the Covid-19 pandemic. The industry, which once depended on in-person visits, is coming to terms with a more tech-savvy consumer base.

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I do believe that all PropTech companies will one day become FinTech companies. So, one of the latest offering we want to include is a FinTech or a finance offering.”I have respect for all entrepreneurs and all start-ups, because I know how hard it is. But Nomad is my favorite start-up, because this is what I love. So I would not start any other start-up, but I have immense respect for every other entrepreneur.

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Despite the recent boom in PropTech, Ms Chen and her colleagues have no intention to exit the business immediately. The company was founded by Dan Piehler, Helen Chen, and Damien Drap in 2019, and it pairs technology with local customer service experts who assist clients in buying homes. It offers a customised home-buying process, as well as access to off-market listings for buyers. All the services come at no additional cost for home buyers because the standard buying commission is shared with the agent selling the home. Determination. You have to believe that you can solve a problem and you need to convince everyone around you that you can do it and then you have to do it. I would say the biggest skill I've learned is to actually convince people to join your team early on. Having the best team is the most important piece of building your start-up and what I've learned is how to convince people to join you. This is largely because of the mission and the vision that we have and the team that we've built at Nomad Homes. A survey conducted by US-based real estate marketplace Zillow showed that 39 per cent of millennials – those born between 1981 and 1996 – are comfortable buying a home they have seen online. Fifty-nine per cent said they would be ready to put in an offer for a home they only toured online.Our main value proposition is that you can search, transact and finance in one place,” the founder says. The company offers a similar service in Paris.