PropTech company Hostaway said to bag ?700k investment

Finland-based property management company Hostaway, has reportedly closed a ?700,000 investment from unnamed investors.

The company hopes to expand its platform to new markets, according to a report by Good News from Finland.

Hostaway is a property management and vacation rental platform that helps its users to communicate with guests, set pricing rates and help with payment processing. The technology automates daily workflows such as progress tracking, messages, user management, and pricing, among others.

The platform, which is available on mobiles, helps a user to process payments in a secure manner, through the integrated bookings system.

Earlier in the month, fellow Finnish FinTech Zervant closed a ?6m round of funding led by Tesi. The company provides online invoicing software for small businesses and entrepreneurs.

Nordic FinTech hub formed a partnership with Helsinki FinTech Farm last year, to connect startups, banks and regulators in local ecosystems.

Last year, Finland FinTech sector was the ninth biggest in Europe, bagging $18.2m, ahead of Denmark and Norway which both received $16m. Of the capital deployed in Finland, $17.5M went to companies within the payments and remittances sector; the remaining capital was invested in infrastructure and enterprise software businesses.

Copyright ? 2018 FinTech Global

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