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TODAY'S OTHER NEWS

PropTech: London-focused rental platform wins £7m investment boost

A London-focused PropTech startup has just won another £7m in funding.

Residently manages houses and flats for landlords, letting them directly to tenants on leases of up to five years, with management handled electronically through apps on tablets and smartphones. 

The service will handle the finding and vetting of tenants and viewings for properties, and tenants can then use it to manage cleaning and other concierge-style services. 

Residently does not levy tenant fees and enables renters to switch to other properties it manages - in London or some overseas cities.

From September landlords can use Residently’s full service, including all marketing for zero commission, for six months.

Its latest £7m funding comes from angel investors and PropTech funders Felix Capital, LocalGlobe and A/O PropTech.

“We are building the global rental brand by using tech to offer flexibility and smart services to renters. We put them first because by improving the experience for renters, we positively disrupt the economic model for property investors and owners - enabling them to maximise their yield with minimum hassle” says founder and chief executive Tom Allason.

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