Homeppl, a London, UK- based tenant referencing system startup, raised $2m in funding.
Backers included Ascension Ventures, Fair By Design, and JLR Star.
The company intends to use the funds to continue its expansion in the UK rental market, adding staff in R&D, operations, and sales.
Founded by Alexander Siedes, Homeppl provides a tenant referencing platform that assesses tenants’ real risk level enabling letting agents to fast-track growth without the risk of fraud, default, or delays. The system leverages Open Banking, proprietary behavioral analysis and fraud detection tests to assess the financial situation of potential tenants and ability to afford rent.
The Barclays Techstars company serves big names in letting, including Knight Frank and the Countrywide Group. It has approved more than £1bn of revenue to its clients.