PropTech: Property management platform wants big cash injection

Renterz, a digital property management service, is aiming to raise an unspecified “six figure sum” through crowdfunding.

The company claims it’s committed to ‘Uberising’ the property market with an app that connects tenants with agents and buyers with sellers.

The app enables direct contact between parties who can send each other notifications about suitable properties and schedule viewing appointments. The app also allows tenants, landlords and tradesmen to manage property repairs.

Free to access for tenants and buyers, Renterz generates income through paid-for service and property management packages for landlords, and from a property sales package for sellers. The company also applies handling fees when connecting landlords with pre-approved tradespeople.  

Following initial investment rounds, where the company raised nearly £500,000, the company now needs cash to bring its service to the market.

The company also has longer term plans to roll-out across the international market and has just completed licensing agreement deals for its technology to be used by third parties in Turkey and Dubai.

Founder and chief executive Hamed Handawi says: “After securing investment to support the development of our innovative technology, we are now looking to raise a significant six figure sum to fully commercialise our proposition and launch Renterz to the UK market.”

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