Less than 1 min.Read

Mashroom: Raised £4 million in new funding

August 10, 2020

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