International Distinction for Cypriot FinTech, WiRE
Participation in Scale FinTech, an innovative program by PwC UK, has been secured by the Cypriot FinTech company, WiRE together with only eight other companies worldwide. The company has been selected to participate after a rigorous evaluation of 700 organisations that expressed interest in the program.
WiRE stood out among hundreds, as its selection was based mainly on the innovative approach to multi-source property characteristics, environmental risk, natural hazard, economic, and neighbourhood data for residential and commercial properties, progressively covering the entirety of Europe. This data and analytics assist real estate investors, financiers, insurers, and those marketing products and services to households, turn information into better actions at any scale by being able to home-in and profile individual properties.
The Scale FinTech program in which companies from all over the world participate, is an important activity of the PwC group, in collaboration with the consulting company GrowthBuilders, which specializes in the development of scale-up programs. The goal of the program is to develop a collaboration platform that enables financial institutions and start-ups to work more closely together to create progressive benefits for the industry.
Through a series of training activities and one-on-one meetings lasting 10 weeks, targeted masterclasses are offered, which provide knowledge and tools for the development of special techniques and synergies to the team of each participating company. The top trainers who staff the program offer their unique experiences and expertise, adding to each company’s journey of development. Noteworthy, international companies Sedicii, Resistant AI, Outseer, RiskSave Technologies, EvoluteIQ, Albany Group, Insig AI and Panthera Solutions will participate in this program along with WiRE.
In a statement, WiRE CEO Pavlos Loizou commented: “WiRE’s participation in the PwC UK Scale FinTech Program marks a double success for our company. Firstly, because they embraced our vision of bringing a pioneering approach to real estate market data analysis at the European level, both for real estate investors, as well as for building insurance, conducting climate risk assessment, and the stratification of other data held by companies and organizations. Secondly, because the trust shown to us by a organisation which has utilized and is making full use of technology to compete in multiple industries, constitutes a powerful driving force for us to implement our ambitious plans forward”.
WiRE assists real estate investors, financiers, insurers, and those marketing products and services to households, turn information into better actions at any scale by being able to home-in and profile individual properties across Europe. WiRE fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, and more.