Property chain proptech firm hits £3m funding during latest cash call

Desktop and mobile app firm says its service brings agents, consumers, solicitors and lenders together on one platform to make conveyancing quicker and easier.

A proptech start-up has gained millions more in funding to have a crack at improving the UK’s property chain system.

When You Move has now topped a total of £3 million from investors after its latest round including cash from venture capital firm Fig, wealthy friends and family, existing shareholders and several undisclosed millionaire private individuals.

The City-based firm, which launched in September last year, has created a desktop and mobile phone platform that connects solicitors and home movers to enable a quicker and more transparent conveyancing service.

If this sounds familiar then it is. When You Move is competing with several similar services including Sohail Rashid’s View My Chain and MyHomeMove’s eWay digital case management service.

But because the market is so huge – a million property sales every year – new entrants into this emerging digital sector were inevitable.

During an interview with The Negotiator at launch, founder Simon Bath (pictured) said his main aim was to improve the current panel process estate agents use to source conveyancers for customers by improving the way agents, solicitors, buyers, sellers and mortgage firms talk to each other.

Since then When You Move has revamped it website and added a star rating system for home movers to rate conveyancers.

Following the new funding, Bath said: “We’re primed to enable conveyancing firms, mortgage brokers and estate agents to provide information to one another effortlessly and in doing so, free them up to perform the important jobs rather than filing paperwork and chasing other parties.”

What's your opinion?

Back to top button