Homeppl combines anti-fraud technology with Open Banking data to screen tenants, protect landlords from fraud, and reduce discrimination in access to housing. The company says it protected clients from potential losses of more than £3 million during 2021. Homeppl has a team of more than 30 professionals and plans to double its headcount within the next year. The recent funding round raised $1.4 million at a $13.5 million post-money valuation, bringing total seed capital to over $5 million. The proceeds are expected to fund the next phase of growth as the business moves toward a Series A and to support expansion into several European cities. Investors and supporters cited belief in the proposition and the team’s ability to scale. Homeppl is a London-based tenant referencing platform founded by Alexander Siedes. It assesses tenants' real risk level, enabling letting agents to fast-track growth while reducing fraud, default, and delays. The system leverages Open Banking along with proprietary behavioral analysis and fraud detection tests to evaluate tenants' financial situations and ability to afford rent. Homeppl serves large letting firms including Knight Frank and the Countrywide Group and has approved more than £1bn of revenue to its clients. The company is a Barclays Techstars participant. It plans to use new funds to expand further in the UK rental market and to add staff in R&D, operations, and sales.

Total raised

$3M

Funding rounds

2

Latest round

Seed

Latest activity

Sep 2021