FinTechFunding

Mashroom: Raised £4 million in new funding

  • Mashroom, the London proptech that offers an “end-to-end” lettings and property management service, has raised £4M in new funding
  • Backing comes from existing unnamed private investors and matched funding from the U.K. taxpayer-funded Future Fund
  • It brings total funding to date for the company to £7 million
  • This includes digital credit and reference checks and the signing of rental agreements and tenancy renewals
  • In addition, open banking is employed to collect rental payments and provide real-time payment information to landlords
  • Mashroom has also developed a “Deposit Replacement Product” as an alternative to the traditional deposit
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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