Zibble, a long term property rental marketplace for renters, landlords and property contractors, has raised 101% (£80,950) of its £80,000 target from 154 investors through its crowdfunding campaign, carried out via Seedrs (with 2 days left in the sale).
Located in the United Kingdom, Zibble operates in the Property (Digital B2C) sector.
Incorporated in December 2019, the firm reports a valuation (pre-money) of £1.3M; Equity offered: 6.05%; a £0.98 share price; Tax relief; SEIS.
Here are the business highlights:
- MVP version launched
- Full time technology team in place
- Founder with 10 years investment banking experience
- Revenue generating: £25K revenue generated*
Key features are as follows: Secondary Market; Seedrs nominee min. £10.78 +; Direct investment min. £2,000.00 +.
Zibble is “a fully integrated digital rental platform that aims to be the Airbnb of long term renting.”
They streamline the rental process “to match reliable tenants with responsible landlords and great homes.”
Zibble’s proprietary platform “allows users to search for and list rental properties, make rental applications, complete references, generate rental contracts, set up payments and book property contractors for maintenance and repair work.”
The end result “is a seamless digital service which removes the need for costly fees and countless hours spent trying to find and maintain your property.”
As noted by the firm:
“What we think makes Zibble unique, is that it is powered by Open Banking which makes the process of credit referencing and managing rental collections quicker and cheaper than traditional alternatives. Zibble also integrates AI to pick curated property listings for users based on their search history and preferences.”
They added that their technology means they “can continue to scale the platform with more offerings, aimed at creating a sticky user base who benefit from decreasing transaction costs.”
The company offers “a subscription plan for Landlords to use the platform.”
Their fees “remain significantly cheaper than traditional agencies and other digital offerings.”
As they expand their customer base, they intend “to build out a service offering for Tenants, such as Cleaning/Utilities, and charge vendors a fee to market these on our platform.”
This will also aim “to increase user stickiness as [they] aim to become a hub for a broader range of property management services.”
In the future, they will also be looking at a B2B strategy “where other small lettings businesses can use our platform as a white label service for a monthly subscription charge.”
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