Nocks application, specialised in real estate marketing, has obtained funding from Microsoft in an unprecedented step in the real estate sector.
This financing came after an accurate review of the model of Nocks as a technological tool that offers a new vision by offering cash back rewards and incentives to clients on buying real estate units they need.
Mahmoud Bekhit, Nocks founder, said that this financing allows the company to expand the entry of new technologies to the business model that proved its success, along 3 months since its launch.
Bekhit added that Nocks is the first application specialized in buying high-end real estate and luxury villas directly from the real estate developer without intermediaries, referring to contracting with major real estate developers in Egypt, as well as major well-known brands’ owners in the Egyptian and international market.
He pointed that Nocks application keens to achieve the highest standards of privacy for clients, as it is a closed application, and subscription to it is via obtaining a direct invitation from one of the registered users, so that the client can then download and use the application, noting that the main goal is to maintain clients data.
Amr Ramadan, Nocks’ Technology Sector Director, said that Microsoft evaluated all the details of the work within Nocks on the technological level as well as at the business model level itself, and the company seeks to obtain more funding, to help it to launch into the Egyptian and Arab markets.
Nocks is the first real estate application in Egypt that gives buyers a discount on property purchase in the form of points, which are added to the user’s online wallet once the process is done.
