OnTheMarket will continue to provide its agent customers with free comprehensive tenant referencing, including employment and landlord references, for all tenancy applications regardless of where the applicant lead was generated, after extending their commercial partnership with Canopy, the tenant referencing platform.

Canopy’s RentPassport includes Experian credit history, adverse financial history and provides verification of identity and address along with Know Your Customer, Anti Money Laundering, PEP and Sanctions.

Through the use of open Babnking, tenants are able to verify their income and rental affordability. This process allows agents who are OnTheMarket full-rate paying agents, as well as OnTheMarket agents using a teclet product to benefit from an instant, free tenant profiling and affordability as well as comprehensive tenant employment and landlord references.

In further recognition of its commitment to Canopy and alignment of strategic intent, OnTheMarket also invested £350,000 in Canopy’s £3.5m July 2021 raise. This, according to Jason Tebb, chief executive officer of OnTheMarket, emphasised the importance of the partnership between his firm and Canopy.

Jason Tebb, chief executive officer of OnTheMarket, said: “I am really pleased to be extending our relationship with Canopy having received overwhelmingly positive feedback from agents since our partnership began last year.

“Providing our agents with this additional ongoing service free of charge supports our long-term aim of increasing the value we offer our customers, in line with our strategy of building a differentiated, technology-enabled property business.”

Chris Hutchinson, chief executive officer of Canopy, commented: “We are delighted to extend our partnership with OnTheMarket with our shared ambition of bringing innovation to the industry, using technology to benefit both agents and renters. As one of our key strategic investors, we look forward to continuing to partner with OnTheMarket, as we build more value-add services to improve the renting process for all parties.”

OTM confirms strong operational performance, and promises ‘more to come’