Japanese Asset Management platform Syla Technologies files for $17M US IPO

Syla Technologies is a prop-tech company centered on ‘Rimawari-kun’, the largest real estate crowdfunding service in Japan.

Real estate is the second largest asset class after bonds and stocks, but its full potential has not been realized due to market inefficiencies and the slow pace of digitalization.

In order to change this, the company is addressing the inefficiencies of the real estate industry and the challenges of asset management in Japan by utilizing the Internet and technologies such as AI and AR/VR.

“Rimawari-kun Pro” a real estate distribution platform for professional investors

Rimawari-kun’s asset management platform houses Japan’s largest crowdfunded real estate investment outlet with 200,000 members and counting. Rimawari-Kun Pro is an online transaction service exclusively for professional investors specializing in providing information on real estate transactions. 

Buyers of real estate companies and professional investors can conduct the necessary information and documents to purchase online without experiencing the hassle of making inquiries, achieving transparency and speedy provision of information. In addition, with commissions starting at 1.5%, one of the lowest in the industry, the service makes it possible for seller real estate developers and investors to sell with little burden of commissions.

On 17th of Nov 2022, this Japanese asset management platform Syla Technologies finally filed for $17m US IPO.

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