Philippine startup FlySpaces, a portal for office and rental space, is set to make its debut in Singapore marking its overseas foray.
FlySpaces founder and CEO Mario Berta disclosed the plan to DEALSTREETASIA following the startup’s formal launch in Manila over the weekend.
FlySpaces, that serves as an online market place similar to Airbnb, however, does not charge any fee from the user. It makes money by charging a booking fee to the space provider.
“We will launch Singapore on December 1st probably once we have about 70 spaces online,” Berta said.
The move is part of the startup’s plan to expand throughout Southeast Asia.
A former regional managing director and co-founder of Rocket Internet’s cab-hailing app EasyTaxi, Berta noted FlySpaces’ strategy for launching its business in a city or state is to at least have 70 or 80 spaces available to book.
In the Philippines, FlySpaces has now reached over 100 spaces available to book in Manila and Cebu City.
The type of spaces it offers are co-working and hotdesk, conference and meeting rooms, training and workshops, function rooms, interview rooms, short-term and shared office space, galleries, events places, including retail pop ups.
FlySpaces’ formal launch in Makati City on Thursday was attended by local and foreign investors, fellow e-commerce startups, including telecom giant Philippine Long Distance Telephone Company (PLDT).
“The PLDT group has been close to us since the beginning as they have a big focus on SMEs like us,” Berta said, who launched the startup’s prototype a few months ago.
“We will have more partners coming,” Berta added.
The FlySpaces team believes the time is just right to aim for a new business disruption, like in real estate, where most wealth of Asian tycoons are derived from.