Rever Technology Joint Stock Company
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Rever Technology Joint Stock Company - overview
Established
2016
Location
Ho Chi Minh City, -, Vietnam
Primary Industry
Internet
About
Rever Technology Joint Stock Company is a real estate technology firm that specializes in facilitating the buying, selling, and leasing of residential and commercial properties through an innovative platform. Founded in 2016 in Ho Chi Minh City, Vietnam, Rever Technology Joint Stock Company operates as a technology platform for real estate transactions. The company's leadership team includes founders Jared Carlin, Luis Vo, Phan Le Manh, and Raimondo Barbaro, with Jared Carlin serving as CEO. In August 2021, Rever raised USD 10.
2 mn in a funding round led by Mekong Capital, which marks the total amount raised to USD 10. 2 mn across 3 different deals since its inception. Rever is a real estate technology company specializing in the buying, selling, and leasing of residential and commercial properties. Its primary offerings include a comprehensive platform that connects buyers and sellers with verified real estate listings, ensuring a seamless experience for both parties.
The platform features advanced tools such as 3D immersive technology for virtual tours, allowing potential buyers to explore properties remotely. Rever serves individuals, investors, and developers primarily in urban centers in Vietnam, including Ho Chi Minh City. Rever generates revenue through transactional fees associated with property sales and leases facilitated on its platform. These transactions involve a commission structure where a percentage of the sale price is charged to sellers and landlords, while service fees may apply for buyers and tenants using the immersive viewing technology.
For the most recent year, 2023, the company's revenue is reported at USD 0, with an EBITDA of USD -2,114,551. In August 2021, Rever Technology Joint Stock Company raised USD 10. 2 mn in venture funding, which will be allocated to developing its management team, strengthening corporate culture, and accelerating the development of its technology features. As part of its growth strategy, Rever plans to expand its service offerings and enhance its platform's capabilities to support more complex real estate transactions.
Specific plans for geographic expansion have not been detailed, but the company aims to leverage its technological advancements to penetrate new markets effectively.
Current Investors
VinaCapital, Golden Equator Capital, Mekong Capital
Primary Industry
Internet
Sub Industries
Web Applications, Commercial Property
Website
www.rever.vn
Verticals
Real Estate Tech
Company Stage
Series B
Total Amount Raised
Subscriber access only
Rever Technology Joint Stock Company - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 3,575,869,302 | 11,485,873,479 | 8,952,431,088 | 961,159,091 | 390,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | 221.2% | (22.1%) | (89.3%) | (59.4%) | - | - | - |
| EBITDA (USD) | (15,077,023,075) | (23,674,714,246) | (25,478,578,623) | (25,642,765,278) | (73,288,063,497) | - | - | - |
| Operating Income (USD) | (15,077,023,075) | (23,674,714,246) | (25,478,578,623) | (25,767,344,518) | (73,401,438,281) | - | - | - |
| Operating Margin | (421.6%) | (206.1%) | (284.6%) | (2680.9%) | (18820.9%) | - | - | - |
| % EBITDA Margin | (421.6%) | (206.1%) | (284.6%) | (2667.9%) | (18791.8%) | - | - | - |
| NET Income (USD) | (14,517,299,056) | (23,274,508,427) | (25,574,423,132) | (22,463,598,851) | (71,553,403,442) | - | - | - |
| % Net Margin | (406.0%) | (202.6%) | (285.7%) | (2337.1%) | (18347.0%) | - | - | - |
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