Goodlord, a digital lettings software provider, has closed the doors on its Series B round after pulling in £10m.
With the fresh funds, the FinTech plans to invest more into the development of its software and releasing more tools for its product suite. These new features will include services to ensure a customer keeps compliance with changing regulations such as the anti-money laundering directives.
Furthermore, the company is looking to introduce new revenue opportunities for agents, adding services to streamline the rental process and expanding its customer-facing teams.
The capital injection was supplied by Finch Capital, Latitude Ventures and Oxx Capital.
Goodlord is a lettings software and services provider which helps to improve the renting process for agents, landlords and tenants, it claims. The end-to-end lettings software enables a user to manage the pre-tenancy process in a single location, automating various manual tasks, such as making offers, generating contracts, accepting payments and more.
In addition to this, Goodlord also offers integrated products and services. This includes deposit replacement, rent protection and tenants contents and liability insurance.
Goodlord CEO William Reeve said, “We’ve had an incredibly successful past year at Goodlord and we’re delighted to be starting 2020 by welcoming these esteemed investors into the business. The last twelve months saw seismic change for UK letting agents and landlords; change which means saving time, reducing admin, and generating new revenue streams are now more crucial than ever.
“Goodlord’s technology provides a solution to this evolving set of challenges. Through our platform, agents and their landlords can maintain a viable commercial model at a time of massive industry flux, while also providing a vastly improved experience for tenants.
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