Proptech platform that lets estate agents assess buyer prospects gets financial backing

A platform that helps estate agents vet prospective buyers is among the latest recipients of up to £20,000 of funding to develop their ideas in the Ordnance Survey and Land Registry Geovation hub.

The hub is a London workspace that funds and supports firms working on property-related technology ideas.

Members of the programme receive £10,000 to develop their ideas to prototype stage and a further £10,000 to help it launch if deemed commercially viable.

The latest proptech firms in the scheme include Hipla, which gives buyers a mortgage and property score to illustrate their buying position based on whether they require mortgage finance and if they have an agreement in principle, as well as how much progress they have made in selling their own home.

Other entrants include Skyscape, which uses artificial intelligence to analyse rooftops where future stock can be increased, ThirdFort, which provides a central secure tool for solicitors to communicate and transfer funds in a property transaction, and rentals platform Fruumi.

Alex Wrottesley, head of Geovation, said: “Entries for the programme were again of a very high standard. This is an exceptional group joining us.

“The programme is designed to give them the best possible support to help propel them to the next level.

“We offer a founder-friendly environment, great mentors, high-quality workshop content and, almost uniquely, a dedicated software development team in-house, who work hand in hand with our companies to build and release their first products.

“This is something very few accelerators can offer and it means the businesses joining us can move faster and further than they otherwise would have been able to. We can’t wait to get started with these new teams.”

Landlord licensing and compliance tracker GetRentr was part of the scheme last year.

Orla Shields, founder of GetRentr, said: “The grant money has helped us do things we couldn’t have done while we were waiting to secure our investment.

“Free office space in Clerkenwell is a major benefit for any business, early stage or not. It’s a great environment, with numerous other inspiring start-ups in a similar field.

“Geovation’s network and connections with major people in this industry and in the Government is priceless to us.

“The team is very pro-active, and their support and experience is really helpful and always available. One of the best benefits has been the ability to use Ordnance Survey/Land Registry data.

“This gives us the option to reach out to more people who are looking to invest and be strategic with their portfolios. It has also helped us predict where regulations will be implemented.

“Overall, the culture at Geovation is one of collaboration and support.”

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