London property management firm seeks six-figure crowdfund for new app

A London-based property management company is seeking a second round of “six-figure” crowdfunded investment to commercialize its app.

London-based Renterz is committed to ‘Uberising’ the property market with its app that connects tenants with agents and buyers with sellers.

Following initial investment rounds, where the company raised nearly £500K, and three years of intensive research and development, London-based Renterz is now fundraising to bring its innovative service to market.

The company will focus on brand building, initially targeting landlords, renters and property maintenance contractors within the UK, where there are around half a million letting transactions across 4.5 million rented properties each year according to 2018 figures.

Renterz founder and CEO Hamed Handawi said: “Renterz, is revolutionising the way sellers and landlords list their homes, and redefining customer service by eliminating inconvenient property viewing systems, cumbersome communication processes, and drawn-out contractual negotiations for tenants and buyers.

“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.

“As of 2018, there were over 865,000 property sales transactions and around 486,000 letting transactions in the UK but the property management sector has yet to adopt a shared economy model. We aim to change that as we strive to make Renterz a byword for digital property services for a new generation of buyers and tenants.”