A UK based enterprise, Homeppl that provides a tenant referencing system has secured US$ 2 million funding on 27th November 2020. The round was led by JLR Star, Fair by Design and Ascension Ventures.
The company is planning to use this investment for continuing their expansion in the UK rental market. They are also planning to hire new staff in their research and development, sales and operations department. Homeppl is the world’s very first rental resume which is set on a mission to help people get the best financial and housing opportunities with reputational data.
It helps tenants to utilize their reputation for accessing the best housing opportunities available to them. Presently it lets agencies let more houses by automatic there reference check process for tenancy.
The Smart Profile
They have a Smart Profile option for tenants which they can take when they change home. The several letting agencies send invites to tenants for creating the smart profile which smartly analyses and authenticates their risk and credibility. This Smart Profile effectively eases the discriminative and lengthy rental check process with the secure, user friendly and fast process. The Smart Profile of Homeppl can be privately and securely shared with lenders, banks and landlords which help the tenants to get houses easily.
They have more than £1 billion revenue and have 93% of approval rate. On an average, they approve around 23% more tenants than any other tenant referencing enterprise. In the three years of trading they have zero percent defaults. They use the unique fraud detection, test behavior analysis, proprietary algorithms for rent, finances and open banking for referencing any tenant. Their system effectively detects 1.5% more fraudulent and referencing orders.
About Homeppl
The London, England based enterprise was founded in 2017 by Ohad Shalev, Alexander Siedes and Elran Kadosh. They are a Techstar enterprise with their team of international passionate and ambitious individuals. The team consists of people from 24 nationalities which speak around 17 languages. It helps tenants find houses with an easy process. The Homeppl algorithm works in 3 steps. The first step is an invitation in which tenants are invited to start the validation process in a few clicks. The second step is data gathering which analyses and gathers the data of tenants to keep updated in real time. The third step is analysis which provides a Risks report that shows final results, insights and checks summary.
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