PropertyLoop enables landlords to find tenants, manage their properties and then remain compliant all in one place. PropertyLoop has raised £311,007 from 70 investors (at the time of writing) of its £350,000 target via Republic Europe (previously doing business as Seedrs).
There are, at the time of writing, 26 days left in Property Loop’s crowdfunding campaign, which is being carried out through Republic Europe.
Here’s the business overview shared by the team behind Property Loop: The business is reportedly located in London, United Kingdom.
Property Loop operates in the Property Digital (Mixed B2B/B2C) sectors. Incorporated back in December of 2021, the firm’s investment summary is as follows: Type Equity; Valuation (pre-money) of £10.4M; Equity offered 3.25%; Share price is £0.36; Tax relief; EIS.
Business highlights shared by Property Loop include:
- “Proven” Team: Scaled, exited leading agency chain
- Revenue-Generating: 30,000+ rental enquiries
- PWC Programme: Top Proptech initiative accepted
- “Huge” Market: $360bn UK, ~$13trn global opportunity
Key features reportedly include: Secondary Market; Nominee investment min. £20.16 +; Direct investment min. £25,000.00 +;
As noted in theupdate, estate agents today face “high overheads” as well as “fragmented tools.”
Despite advancements, nearly 95% still tend to dpetn on the “outdated” high street model, struggling to serve” tech-savvy” clients efficiently (TwentyCi Property & Homemover Report, Q1 2024).
PropertyLoop enhances real estate with an AI-powered, “all-in-one” or comprehensive platform.
They aim to provide an end-to-end solution for sales and lettings, “empowering agents to run their entire business seamlessly.”
Their platform integrates advanced AI and automated workflows. There are over 140 laws and 400 pieces of legislation.
Their platform is designed to assist agents and owners navigate these through built-in automated workflows, reminders, and tools.
With PropertyLoop, agents are able to effectively manage everything from marketing and compliance to client interactions and transactions in one place.
Their stated aim is for this streamlined approach to allow agents to focus on delivering exceptional service, increase profitability, and grow their business without traditional constraints.
Monetization strategy:
Their revenue model is said to be fairly straightforward:
- Transaction Fees: We take a 30% cut of the fees that agents charge their clients. Agents are free to set their fees within industry norms:
– Rentals: Agents charge 8-17% of the annual rent.
– Sales: Agents charge 1-3% of the property sale price. - Monthly Subscription: Each agent pays a baseline monthly subscription fee to be part of our platform.
- Additional Services: Our platform offers various products and services essential to the rental journey, provided by third-party partners. We earn a 10-30% commission on these transactions.
This simple and transparent fee structure allows agents to “maximize their earnings while benefiting from our comprehensive platform.”
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