Investment will help Ohmyhome deepen its presence inSingapore and further expand in Southeast Asia

SINGAPORE - MediaOutReach - 20 September 2018 - Ohmyhome,Singapore's leading PropTech marketplace, today announced that it has raisedS$4 million Series A funding led by Golden Equator Capital (GEC), Singapore's award-winningfund management company.

The investment will help Ohmyhome further strengthen its positionas a PropTech market leader in Singapore and expand into Southeast Asia. Otherinvestors for this round of funding include reputable individuals and familyoffices, while investors for previous round included K3 Ventures.

Ohmyhome was launched in September 2016 by sisters Rhonda Wong andRace Wong to simplify how properties in Singapore are being transacted.Ohmyhome is a PropTech platform that makes housing transactions simpler,faster, and more affordable. The platform facilitates DIY transactions, offersfixed-rate agent services, as well as on-demand mortgage and legal services. InJanuary 2017, Ohmyhome emerged as Singapore's No.1 HDB app.

Rhonda Wong, CEO and Co-Founder of Ohmyhome said "After seeing astrong adoption for our services, our focus now is to further drive growth inSingapore and expand into the neighbouring markets. Having the support andexpertise of Golden Equator Capital and our other investors will help usexecute our vision of becoming the ultimate housing transaction solution."

Race Wong, COO and Co-Founder of Ohmyhome said, "As otherindustries embraced innovation, we saw a gap in the real estate market wheretransactions are carried out in a traditional manner. The lack of expertise,information, and quality services opened opportunitiesfor us to increase efficiency, save costs and execute transactions moreeasily. That was why we founded Ohmyhome to create a one-stop solution to makehousing transactions simpler, faster, and affordable for all home owners andhome seekers."

Since its launch, more than 2,000 homes have transacted throughOhmyhome which represents a combined value of more than S$850 million. It hasalso saved customers a total of S$20 million in commission as of September2018. To-date, Ohmyhome's mobile application has recorded more than 200,000downloads and has an average of 52,000 monthly active users.

Daren Tan, Managing Partnerat Golden Equator Capital said, "Ohmyhome's business model is reshaping propertytransactions, making them simpler and efficient for home seekers and sellers --the market average selling time for property in Singapore is 120 days. AtOhmyhome, the fastest selling time is in one day and average of 33 days."

With offices in Singapore and The Philippines, Ohmyhome currentlyhas a team of close to 40 staff and intends to continually expand its technologyexpertise and service offerings, as it deepens its presence in Singapore. Thecompany also has plans to expand into Malaysia and Thailand.

Shirley Crystal Chua, Founder and Group CEO of Golden Equatorsaid, "We live in Asia where property has always been something close to ourhearts and our parents', so what Ohmyhome sets out to do is really meaningfuland also prepares the real estate industry to adapt in the new digital economy.As a female entrepreneur, a mother and an investor, it heartens me to see twoyoung female entrepreneur-sisters finding solutions to change, impact and bringgreater efficiency to the real estate industry. It is an incredible milestone,and we hope this would bring encouragement to more female tech founders."  

Kindly refer to the link below for the images:

https://www.dropbox.com/sh/uyljrl3py6utdcg/AADTRo3AsporClvnKvUN81O1a?dl=0