18. flatfair

  • flatfair was founded by CEO Franz Doerr in 2017 as a London-based payment technology firm.
  • In 2019, flatfair secured a round of Series A funding worth $11 million, led by Index Ventures.
  • Current Flatfair clients include major property owners and agents, such as Greystar, Places for People and CBRE.

 

Flatfair-logo

 

About flatfair

 

Inspired by the widespread success of deposit alternative schemes in Germany and Switzerland, flatfair has partnered with some of the biggest letting agents across the UK to offer innovative rental solutions for tenants and landlords.

Tenants can use flatfair’s No Deposit solution to secure a new home with just their debit card, paying a small, one-offc heck-in fee worth only one week’s rent (+VAT), settling any damage charges when it’s time to move out (a bit like checking out of a hotel).

Landlords can top-up their protection with Boost. A solution that offers up to six weeks of extra protection along with fast cost recovery the day after charges are agreed with tenants. It can be used to add protection to a traditional deposit, or on top of flatfair’s No Deposit.

Everything is handled through flatfair’s easy-to-use online platform, where tenants and landlords can handle end of tenancy charges quickly and fairly. And if they can’t agree, government-backed independent adjudicators are on hand to help out.

flatfair’s technology makes life easier for agents too, from registration and change of sharer right through to check-out – they’ll also get a commission for bringing on new tenants and landlords too.

flatfair Funding

 

In August 2019, it was announced that flatfair had closed an $11m funding round, led by Index Ventures.

There was also participation from Revolt Ventures, Adevinta, Greg Marsh (founder of Onefinestay), Jeremy Helsby (former CEO of Savills) and Taavet Hinrikus (co-founder of TransferWise).

Flatfair said that the funding will be used for scaling its platform “far and wide to bring deposit-free renting to everyone”.

 

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