Goodlord raises £7.2m from Ribbit Capital

Goodlord has raised £7.2m in funding from backers including Ribbit Capital, and existing investors LocalGlobe and Global Founders Capital.

The company intends to use the funds to improve the technology behind its service, and to double its team, with a focus on hiring more developers, engineers and salespeople.

Goodlord provides a rental transaction platform that allows estate agents to digitise the moving-in process, using e-signatures and online collection of money so that tenants can agree and pay for a letting through a cloud-based app.

The company, which has already processed tenancies worth more than £200m, sells its cloud-based platform to some of the UK’s biggest estate agencies, including Strutt & Parker, Life Residential and Remax.

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