Faira Grows 400% And Expands Board

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Real estate tech startup, Faira, adds to Board of Directors and Advisory Board as growth continues.

Faira, the real estate technology company that dramatically reduces the cost to buy or sell a home, today announced that Dr. Gary Flake, former CTO of Salesforce search and data science, has joined the Board of Directors. Dr. Flake joins Faira CEO Kamal Jain and investor Antonio Couto on the Board.

“Our business is growing, customers are satisfied with our technology enabled transactions, and with the help of technology leaders like Dr. Flake, our product features will grow,” said Faira CEO Kamal Jain. "Home search is a very difficult problem - families spend months searching for the right home. As a search expert, Dr. Flake will help Faira achieve our goal of improving the home searching and shopping experience. We want to minimize the number of homes buyers visit before they find their match.”

Faira is enjoying 400% growth year-over-year as more and more home sellers opt to save money with Faira’s free or 1% listing packages. Home buyers can also use Faira to get the biggest rebate in the industry: 2-3% back on homes in Washington and California.

“I believe that Faira's process for real estate transactions will eventually become the de facto standard for the whole industry.  Anything else is simply a bad value for consumers,” said Dr. Flake. “As a customer, advisor, investor, and now board member, I couldn’t be more excited to be part of the Faira team.”

Joining Faira’s Advisory Board is Abhinav Gupta, co-founder of Rocket Fuel, the company that built an AI and big data platform to autonomously optimize marketing campaigns and was the top technology IPO in 2013. “I have known Faira from day one and the company continues to amaze me with product innovation and execution. Faira is reducing the transaction cost and making it possible to do online transactions in real estate, one of the few consumer verticals which has lagged in ecommerce,” said Mr. Gupta.

“Mr. Gupta’s experience as an entrepreneur, investor and technologist will benefit Faira as we continue to expand our business,” said Dr. Jain.

ABOUT FAIRA 
Faira is a real estate technology platform that is revolutionizing the way people buy and sell homes – saving money, time and stress for both buyers and sellers.  Faira is currently doing business in Washington and California. Home buyers and sellers can experience a modern, efficient process with unprecedented transparency built into the system by signing up at Faira.com or calling 1-800-571-FAIR.

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Katrina Wisner
Faira
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