Cloud-based rental transaction platform Goodlord - already used by some agencies in the UK including Strutt & Parker and Remax - has raised £7.2m in additional funding.
The funding has come from Silicon Valley fintech investor Ribbit Capital and existing investors LocalGlobe and Global Founders Capital.
The platform claims to make the rental transaction quicker and more transparent: agents can smooth the process of finding and securing a home for tenants, ensure landlords receive tenants’ references quickly and collect deposits and rent online.
It says it saves agents 50 to 75 per cent of their administration costs with additional services aimed at landlords and tenants launched each week.
By the middle of the year the London-based firm aims to have 117 developers, engineers and salespeople.