5 years ago
Hammock Raises €1.1 Million to Help Landlords Understand Property Financial Health
London-based startup Hammock has raised €1.1 million in seed investment from Fuel Ventures and Ascension Ventures to further develop its technology platform, providing financial clarity to landlords and saving them time and money.
ProblemFinancial Services
"Landlords in the UK spend a lot of time and money managing their properties, especially when they have multiple properties. They have to track rent collection, payments, expenses, and keep track of the financial health of each property. This can be very time-consuming and inefficient, leading to headaches and uncertainty."
Solution
"Hammock is a financial platform specifically designed for landlords and property managers. It connects to landlords' bank accounts via open banking and automatically monitors rent collection, tracks payments and expenses, and provides live analytical reporting on the performance of each property. This gives landlords instant insights into their property portfolios, saving them time and money, and reducing uncertainty and inefficiencies."
