A Bristol-based start-up proptech platform that aims to give every home in the UK a Experian-style ‘score’ has raised £180,000 seed cash from several investors.
Propflo gives each address in the UK a unique property score to help buyers judge its suitability including regulatory compliance, it main features, local amenities and services
The platform’s founders say it will deliver member agents pre-vetted vendors who are ‘ready to instruct’ and also help agents provide buyers with upfront information quicker and more easily. It will be of interest to a range of other players involved in the housing market including buyers and sellers but in particular mortgage intermediaries, who will be able to access remortgage lead opportunities.
Propflo aims to be a central aggregator of all the publicly-held information about each home in the UK, enabling owners to ‘take control’ of this information and make selling or remortgaging their home easier and quicker.
“This platform is a revolutionary product which has ambitious plans to disrupt the marketplace and to create a better property buying experience,” says investor and former Goldman Sachs VP Ying Tang (main pic, centre)
“This makes it incredibly exciting for me and compliments my other recent investments. I am delighted to be part of its next chapter of growth and the exciting journey that lies ahead.”
Propflo was founded by Luke Loveridge (main pic, right) who has a background in housing tech and Daniel Moyo (main pic, left), who previously co-founded an estate management platform, also in Bristol.
Other investors include fintech expert Penny Desborough and businessman Robin Balen, who has previously been involved in other proptech venture start-ups.
Read more about proptech funding within the property industry.