Founder: Manoj Varsani
Business: Hammock is a technology platform that provides current account and data analysis services for the property sector.
About Manoj and Hammock
Hammock is a technology platform that provides current account and data analysis services for the property sector. Hammock brings FinTech and PropTech together, helping landlords and property managers save time and money in the management of their finances.
Hammock’s Founder and CEO, Manoj Varsani MBE, is a former CTO and a landlord. As a landlord, he got frustrated with managing his property finances with spreadsheets and grappling with archaic technology. Manoj created Hammock to offer landlords real-time access to their property finances, on an easy-to-use, intuitive platform.
Hammock have the support of incredible institutional investors: Aviva, Founders Factory, Fuel Ventures, Ascension Ventures, Force Over Mass Capital. The company also have a select group of strategic angel investors who believe in their mission. Hammock are a proud participant in the 2021 REACH UK program.
Hammock provides tailored solutions for more complex landlord structures such as limited companies, joint ownerships, and HMOs. It has also released dedicated functionality for furnished holiday lets, taking on board the specific challenges that each of these present, where other solutions adopt a one size fits all approach.
With the upcoming Making Tax Digital for Income Tax Self-Assessment deadline of April 2024 fast approaching (landlords earning over £10,000 from their properties will have to file quarterly tax updates), Hammock is able to fully streamline the laborious and time-consuming process.
(Press releases, interviews and startup of the week)