5 years ago

Homeppl Raises £1.5 Million to Simplify Rental Process

  • Homeppl, a UK-based tech startup, has secured £1.5 million in funding from Ascension Ventures, Fair By Design, and JLR Star

  • The company aims to simplify the rental process by offering a more efficient and automated alternative to traditional credit checks and referencing procedures

  • Homeppl leverages Open Banking, proprietary behavioral analysis, and fraud detection tests to assess the financial situation of potential tenants

  • The funding will be used to support the company's growth, including hiring more staff in R&D, operations, and sales.

      • ProblemTechnology

      "The current rental market uses outdated credit checks that are unfair to tenants and don't accurately assess their ability to pay rent. This leads to good tenants being rejected and landlords having false confidence in their tenants."

      Solution

      "Homeppl uses Open Banking, behavioral analysis, and fraud detection to assess a tenant's financial situation and ability to pay rent. This allows them to approve more tenants, including those who are self-employed, international students, and expats, while also protecting landlords from fraud."

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