rif funding — rif funding — Cypriot real estate analytics firm Ask Wire is accelerating its growth with the help of two grants from the Research and Innovation Foundation of Cyprus (RIF). Announced on Wednesday, these grants from the BOOST and Fast Track Innovation (FTI) programmes are set to propel the company into its next phase of expansion.
- Loizou concluded with a vision of growth, stating, “This is how ecosystems grow — when ambition meets opportunity.”
Rif funding: Transforming Analytics into Scalable Business
The BOOST programme serves as a vital engine for Ask Wire, enabling the transformation of its established analytics platform into a scalable European business. This funding supports several key initiatives, including market research and client development in Poland and the Czech Republic. It also finances targeted marketing campaigns and the recruitment of specialists in product development, sales, and data analytics.
Investing in Infrastructure and AI Automation
To ensure efficient scaling without compromising quality or speed, the grant also covers AI automation, infrastructure upgrades, and integration with financial and insurance systems. CEO Pavlos Loizou highlighted the significance of the BOOST programme, stating, “BOOST is not just about scaling a product — it’s about scaling confidence.”
Loizou elaborated on how the funding allows the firm to solidify its base in Greece and Cyprus while facilitating entry into new European markets. “It helps us build the structure and the people to sustain that growth,” he added.
Developing Consumer-Facing Platforms
Complementing the expansion, the FTI programme provides financial backing for the development of Edge, Ask Wire’s consumer-facing platform. Edge is designed to be an accessible service that aggregates property prices, environmental risks, and energy performance data.
This innovative platform introduces a personal ‘property wallet’, allowing users to monitor their home’s value, exposure, and energy profile while connecting directly with banks, insurers, and energy providers. According to the firm, this tool marks the initial step towards the broader Real Estate Wallet concept, aiming to establish a verified digital identity for every property in Europe.
Supporting Institutional Clients and Public Trust
Ask Wire’s initiatives currently support 80 institutional clients, including notable organisations such as the National Bank of Greece, Eurobank, and the Cyprus Tax Department. The company operates in Cyprus, Greece, and Romania, providing data-driven property decision support to banks, insurers, valuers, and developers.
“For the public, the development work brings clarity and trust to property ownership,” the company stated. Loizou emphasised the importance of non-dilutive funding, remarking, “Programmes like FTI and BOOST show the real power of non-dilutive funding. They allow us to invest in technology and people without giving up equity — helping us break out of Cyprus, prove our scalability, and demonstrate that local innovation can compete, and win, at a European level.”
Loizou concluded with a vision of growth, stating, “This is how ecosystems grow — when ambition meets opportunity.”
