Short Let Tech Platform Pass The Keys Seeks £500,000 Through Seedrs Funding Round

 

Pass The Keys, a UK-based short let tech platform, is now seeking £500,000 through its equity crowdfunding campaign on Seedrs. The platform is now offering 5.88% at a £7,997,542 pre-money valuation. Founded in 2015, Pass The Keys describes itself as a London based Airbnb Management company focused on creating a great experience for both hosts and guests.

“For hosts, we provide a full range of services to help short let their homes. Our services include advertising properties on multiple platforms such as Airbnb, HomeAway, Booking.com, etc; inventory control; dynamic and seasonal pricing; vetting guests and managing the booking process; checking the guests in and out; cleaning; supply of toiletries and linen; maintenance; post collection and more. We make sure that occupancy levels are high thus generating maximum return for our clients.”

Pass The Keys further reported that it aims to make short-term rentals as hassle-free as possible.

“We are ready to go the extra mile to accommodate the needs of our client landlords. Our company is focused on providing impeccable service to our clients and developing long-term relations with them.”

Funds from the Seedrs campaign will be used for the following:

  • Product Development (30%): Pass The Keys reported it is constantly working on improving our product to increase the level of automation and quality control, i.e. increase the potential productivity of each franchisee from current 50 properties per person to 60, 70 while improving quality through fail safes.
  • Training and support infrastructure (20%): As Pass The Keys plans to expand its franchise network globally to include thousands of entrepreneurs, it is building online training modules that help its franchisees effectively access our vast knowledge base.
  • Franchise expansion. (50%): In 2020,  Pass The Keys wants to expand the UK partner network from the current 14 franchisees to 30 by the end of the year.

Since the launch, Pass The Key’s campaign has raised nearly £445,000 from more than 80 Seedrs investors. It is set to close mid-August.


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