Blockchain PropTech Coadjute lands £4m financing


Coadjute, a London-based PropTech firm that uses a blockchain network to record property transactions, has bagged £4m in a funding round.

The round was headed by Manchester VC Praetura Ventures as well as Reech Corporations Group.

According to UKTN, Coadjuste’s core service is its blockchain-based digital ledger that estate agents can use to track transactions. The Coadjute platform is designed to connect with existing real estate software, rather than replace it.

Coadjute CEO Dan Salmons said, “Industry leaders are increasingly talking about a truly digitised property market but can’t imagine how that gets delivered.

“Coadjute has been investing in the technology that enables that future, everything from upfront information to smart contracts, digital identity to synchronised settlement. Customers are routinely astonished how far ahead we are – we can do what many think is still science fiction.”

Paytrix, a FinTech building a payments ecosystem to help businesses grow, has raised $18.3m in Series A funding to drive product development and international expansion.

Through one platform, one contract and one API, Paytrix’ payments curation solution provides access to the “best payments ecosystem around the world.”

The infrastructure is designed to reduce the inefficiency, cost and complexity of international payments. In contrast, existing international payments solutions typically require businesses to source, negotiate and maintain a minimum of 10 to 15 partners, contracts and APIs.

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