Howsy, a UK-based rental marketplace platform, is set to close its equity crowdfunding campaign on Seedrs with more than £2.3 million raised from nearly 600 Seedrs investors. The funding round was launched last originally seeking £250,000. Howsy also applied for the Future Fund.
Founded in 2016, Howsy claims its model and vision is designed to “shake up” the way renting works for good.
“Our combination of smart tech and specialist property people are driven by an understanding of what renters and landlords need. We think it’s possible to combine great deals with low-cost service for landlords and renters. We know that the world of renting can be tough – boilers do break down at weekends and out of office hours – but it’s our job to fix things efficiently, honestly and with a smile on our face.”
Howsy noted it generates revenue from charging a fixed fee from £39 per month outside London right through to £115 per month in London with additional insurance services provided.
“We also generate up to £1,000 per managed property by finding tenants, conducting viewings and taking photos. These additional services are delivered by our on-the-ground Howsy Hosts or trusted suppliers. We are preparing to trial additional revenue services such as cleaning, furnishings, utilities, flower delivery and high-speed internet.”
Funds from the Seedrs campaign will be used to continue the growth and development of the Howsy platform.
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