Proptech firm CreditLadder is promising more agency focused products as it looks to raise more than half a million pounds through crowdfunding.
CreditLadder, which provides rent recognition tools for agents and landlords to report rental payments and help improve their tenants’ credit scores, is looking to raise £600,000 through the Seedrs platform, plus up to £2m externally.
Its pitch reveals it is planning new services for agents and landlords to access such as tenant referencing, to be released in under six weeks, as well as enhanced renter reporting, which will go live in September.
The funds raised will help cover operational costs, hiring new staff, launching new products, and sales and marketing activity.
CreditLadder, which has received Government funding to develop its rent recognition tool, has raised more than 60% of its target so far and the campaign closes on July 26.
Its pitch said: “As the business grows and attracts more tenants, letting agents and landlords to the platform, we will need to grow the team together with rolling out new products.
“We will also use the funds to add further partners, and are currently working towards getting a number of banks onto the platform during 2019.”
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