Proptech
News focusing on new technological solutions which create efficiencies and cost-savings for estate and letting agents and the wider residential property industry.
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Resale property investment platform helps raise £60m to buy ‘thousands’ of homes
The march of City cash into the private rental market has taken a step forward after IMMO, a start-up that buys properties directly off vendors on behalf of institutional investors, was yesterday given a staggering £10 million by half a dozen venture capital funds, and has so far helped attract house buying funds worth £60 million. Talis, one of the funds, says IMMO has the potential to become a global ‘mega brand’ by using technology to ‘unlock the opportunity’ for institutional investors in the resales market. To date, City cash has steered clear of the market served by estate agents because of the difficulties of acquiring properties quickly and cheaply. IMMO, which operates in the UK and Germany, is to buy thousands of houses direct from private vendors and then refurbish them for upmarket tenants in areas that are ‘safe neighbourhoods with great transport’. Buy houses The proptech company claims that its tech platform enables it to source, appraise and buy houses and apartments digitally. IMMO’s new money has come from a variety of European property and tech investors and is to be spent on accelerating growth. The company was launched two years ago by Hans-Christian Zappel (above, fourth from…
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Exclusive: Reapit CEO explains why he’s spent millions developing a proptech ‘App Store’ for agents
Gary Barker talks about Reapit's gamble to throw open the firm's doors to all its competitors and what the initiative will offer estate agents.
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Move with Us partners with View My Chain
Move with Us, part of the Simplify group and a leading property sales asset manager has a new partnership with View My Chain. View My Chain, launched in 2017 is a data automated sales progression tool that enables agents, conveyancers and consumers to track a property chain from SSTC to Completion. The platform provides whole of market visibility on tracking the key progress milestones that otherwise agents collect manually by chasing parties up and down the chain. We seek ways to innovate the valuation and sales process through investment in data and technology. Users can also access the sales progression data as an integrated solution, removing the need for teams to adopt its software. As the data is fed from proprietary sources a key unique feature is that it does not require adoption from conveyancers, mortgage lenders or connecting agents. Move with Us will initially use the software and customised data reports in its part exchange and assisted sales team. Ben Greco, Managing Director, Move with Us, says, “We have a history of constantly seeking ways to improve and innovate the valuation and sales process through investment in data and technology. With multiple parties involved, and often many links…
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It’s a wrap! Meet the proptech making a meal of apartment developments
An app that enables block managers to book street food vendors to visit their sites and claims to generate revenues of up to £90,000 a year has launched.
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Residently: it’s like a portal but er, better
Residently, a UK startup building a global rental platform, has secured £7m seed investment to help fund its growth.
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Exclusive: Askporter reveals plans to raise significant ‘Series A’ cash next year
Artificial-intelligence based chatbot platform says it has major plans for expansion in UK and overseas as its tech finishes six-month 'pioneers' programme with letting agents.
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Tenant matching sites IdealFlatmate pulls crowdfunding campaign
The company reached over 80% of its £1.6 million funding target but has suddenly pulled its Seedrs campaign without explanation.
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Canopy partners with mydeposits
Canopy is set to help tenants become more financially resilient as it launches a software integration with mydeposits, one of the three government approved tenancy deposit protection schemes.
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Exclusive interview: UK virtual tours firm lands global deal with estate agency giant
EyeSpy 360 says its technology is being rolled out across eXp Realty's 23,00-strong network of agents across the globe after a year of negotiations and trials.
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Proptech claims another corporate estate agency high flier
Former Knight Frank letting star Lucy Jones has joined proptech lettings and property management platform Rentify.
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