Propcap Technologies Limited (PropCap), a Hong Kong lending marketplace that specializes in overseas property mortgage matching platform, plans to complete the Series Pre-A round in the first half of the year. The upcoming capital raise is scheduled to kick off by April this year. Deal size could be up to USD 2m, at a target of USD 12m pre-money valuation, PropCap has reached a price tag of USD 8.5m after securing USD 506,000 in the second tranche in October 2021. The funding will be used for business expansion in the U.K, setting up a subsidiary and acquiring for the money lending license in Japan, expanding market entry into the Greater Bay Area (Mainland China) and Australia.