A website that lists mid- to long-term rental properties from private landlords has helped facilitate £2.8m worth of rent since launch in the UK.

The business, Spotahome, is similar to Airbnb, but properties can be rented for a minimum of 30 days and tenants pay a deposit and rent to the landlord and a booking fee to the platform calculated based on the length of stay and rental price.

It launched in the UK in March 2016 but has operated globally in cities such as Barcelona, Rome and Milan since 2014 where it has helped managed more than $92m (£65.7m) of rental payments.

The site also offers up to €500 (£441) for any damage that isn’t covered by the deposit but its terms and conditions suggest this doesn’t include cleaning costs and cosmetic damage.

The platform has stark differences to using a traditional landlord or letting agent and even Airbnb, offering no independent arbitration should there be deposit disputes.

There were $43.7m (£31.2m) of rental payments made through the platform to landlords alone in the last half of 2017, triple the amount generated in the last half of 2016.

Alejandro Artacho, chief executive of Spotahome, said: “The results from the second half of 2017 are extremely positive. Thanks to our last financing round, led by Seaya Ventures and Passion Capital, we were able to consolidate our business structure and have designed a ramp-up plan which will allow us to continue with our strategic expansion during 2018, and the continuous improvement of the user experience internationally.”