Update: Short Let Tech Platform Pass The Keys Quickly Surpasses Initial £500,000 Crowdfunding Target Through Seedrs

Pass The Keys, a UK-based short let tech platform, has quickly surpassed its initial £500,000 crowdfunding target though its Seedrs campaign. The campaign was launched earlier this week and has already attracted nearly 140 investors. As previously reported, 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 also 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.

Pass The Keys is now offering 5.88% at a £7,997,542 pre-money valuation. The campaign is set to close mid-August. 

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