Spotahome, an online platform for mid to long-term rental accommodation, handled over $4 million (£2,864,629.76) in residential rental transactions since its UK launch in March 2016.
Globally, the PropTech start -up has managed over $92m in rental transactions for private landlords and property managers since its 2014 launch. The company’s growth has created $43.7m in the last half of 2017 for landlords who use the platform, triple the amount generated in the last half of 2016.
Alejandro Artacho, Spotahome’s CEO says, “The results from the second half of 2017 are extremely positive. Thanks to our last financing round, led by Seaya Ventures and Passion Capital, we were able to consolidate our business structure and have designed a ramp-up plan which will allow us to continue with our strategic expansion during 2018, and the continuous improvement of the user experience internationally.”
Spotahome has proved a useful ally for private landlords through HD videos, 360º photos, detailed floor plans and extensive information about the neighbourhood replace physical visits to the property. The company offers additional guarantees to safeguard landlords against tenancy cancellations, payment defaults and property damage. www.spotahome.com