Proptech Findingaplace, a Platform Streamlining Rental Search Experience, Acquires £221K+ via Seedrs

Findingaplace, which claims that it’s “revolutionizing” the rental search experience, removing the need to “even search at all,” has secured 88% (£221,870) of its £250,001 target from 225 investors (at the time of writing) via Seedrs with 5 days left in the firm’s crowdfunding campaign.

Here are the main business highlights shared by Findingplace:

  • Disruptive prop-tech SaaS platform established & ready to scale.
  • 5 star reviewed service, endorsed by tenants and agents.
  • Over 15,000 tenant registrations since Spring 2021 launch.
  • Working with hundreds of agents London-wide.

Based in London, United Kingdom, the firm operates in the SaaS/PaaS sectors (Digital, Mixed B2B/B2C). Incorporated in May 2007, the company reports a £1.5M pre-money valuation, Equity offered 14.29%, a £1.35 share price, Tax relief, EIS.

Key features reportedly include: Secondary Market; Seedrs nominee min. £10.80 +; Direct investment min. £20,000.00 +.

The company noted:

“For renters, finding a property is not easy. It’s time consuming, stressful & full of disappointment but thankfully, Findingaplace exists to revolutionise the property search experience, removing the frustrations faced when renting a new home.”

They added:

“We save tenants over 20 hours otherwise lost trawling through property portals by connecting them only to Estate Agents who have properties that match their exact requirements.”

Research by RWB has found that around half of searching tenants “say the property they were looking for was no longer available and almost 40% never even received a reply at all.” Unsurprisingly, a significant “two thirds of tenants are not happy with the overall rental experience.”

Findingaplace also noted that it “takes less than 60 seconds to complete our free-of-charge online form removing the need to search at all.” They claim to “save tenants time, protect their privacy and even give them an opportunity to hear about new properties that are yet to be advertised.”

The firm added:

We’re also here to help the Agencies too, by providing pre-vetted tenants we save them resource and costs associated with both vetting and advertising. It’s a win/win for everyone.”

While sharing their monetization strategy, the company explained that Findingaplace “collects a monthly subscription from our Estate Agent partners in order to access their prop-tech platform which provides them with pre-vetted tenant applicants that specifically match their bespoke criteria such as coverage area, property type, budget etc.”

Findingaplace has “global reach, our journey has begun in London but our scalable SaaS platform is designed to operate in unlimited markets & regions,” the company noted.

They also mentioned that different subscription package options offer flexibility to their estate agent partners and enable their service to “support independents as well as national brands alike.”

The firm also shared:

“Our immediate goal is to solidify our position in the London market before scaling quickly into major cities across the UK and internationally. Our technology allows us the opportunity to increase the product offering including property sales as well as strategic partnerships with other services related to the property sector, generating a multitude of additional revenue streams.”

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