£1.3m cash boost for property platform aiming to digitise rental market

Krispyhouse.com has secured £1.3 million funding from a London family office as it continues its quest to digitise the UK’s rental market.

The platform already allows real-time communications between estate agents and tenants and streamlines the chaotic rental process through its WhatsApp-style ‘dating service’ to boost rental deal flow.

PRODUCT DEVELOPMENT

The £1.3 million early-stage investment will be used to boost product development and marketing to estate agents, landlords and renters.

The tech used by Krispyhouse users to communicate in-app through instant direct messaging, and voice and video calls. Renters can also receive notifications of newly available properties based on their specific requirements.

Its WhatsApp-style ‘dating service’ has been designed to appeal to the Bumble generation of renters.”

Its WhatsApp-style ‘dating service’ has been designed to appeal to the generation of renters who are used to organising their lives through well-designed, user-friendly apps. The platform also provides letting agents with an integrated CRM system, a prospecting tool and unlimited advertising.

The Krispyhouse website receives over 50,000 visits a month and more than 500 agents already advertise on the platform.

BOOST REVENUE

Founder Anthony Kyriacou (main pic), who started in the property business during the financial crash of 2009, says: “We are delighted to gain such ringing endorsement from a prestigious family office and this extra funding will help us boost both revenue and market share.”

He adds: “In an over-regulated market, we’re doing our bit to make lives easier for tenants and landlords, as well as giving estate agents exceptional value via quality leads and innovative tools to help them increase their market share of property instructions.”

A spokesperson from Vala Capital, who represented the family office, says: “We were impressed with Krispyhouse’s business plan, product and determination to deliver better value for estate agents.

“Rental demand continues to grow, making this an attractive market, and kripsyhouse.com is an astute challenger to market leaders, Rightmove and Zoopla.”