5 years ago
Canopy Secures £2 Million to Enhance its Digital Rental Ecosystem
Canopy, a UK-based digital rental platform, has raised £2 million in a seed funding round led by West Hill Capital
This latest investment brings the company's total seed funding to over £10 million
Canopy aims to use the funds to expand its partnerships with letting agents and grow its portfolio of financial products for tenants.
ProblemFinancial Services
"making insurance more flexible and affordable for renters, and reducing the cost of renting by eliminating rental deposits."
Solution
"Canopy is a digital platform that provides renters with access to financial products, such as insurance and deposit alternatives, that are tailored to their needs. The platform uses Open Banking data to provide personalized recommendations and make it easier for renters to manage their finances."
