Howsy, a property management and lettings platform formerly known as No Agent, has raised £5m in a funding round let by Skybound Capital, a wealth management business.
Howsy combines technology and insurance products to offer a low fixed-fee management cost, and says it is saving landlords thousands of pounds a year compared to high street letting agents.
Established in 2016, the company is based in Shoreditch, London, and has doubled in size each year.
The new injection of funds is allowing Howsy to open a new centre in Coventry and expand its team.
It has already hired Mark Hodson, previously of Paypal, as chief marketing officer, among other new recruits.
Calum Brannan, founder and CEO of Howsy, said: “We’re delighted to close on our largest funding round to date and this really cements our current position as one of the leading proptech companies in the UK.
“We think that renting should be better for everyone.
“Landlords and tenants have been under-served in this industry, and we are rapidly shaking it up through great technology and a focus on customer service.
“We’ve already started to turn this around on a national scale and this latest raise, along with a few strategic acquisitions, should not only help us in our mission, but it will enable us to scale fast as well as look at opportunities outside of the UK.
“We’re aiming to make renting a property as easy as booking a hotel.”
Howsy is chaired by Gillian Kent, a former managing director of PropertyFinder, which was sold to Zoopla.
Howsy, which lists on Rightmove, charges flat fees from £35 a month for a let and management service.
As No Agent, it also listed on Rightmove and Zoopla, but under the name NA Technologies.
Yesterday on Rightmove it had 124 available rental properties.
Comments (7)
Every time someone comes up with these ideas and statements praising themselves …. they haven’t a clue what is involved in lettings management and a recipe for causing pain for landlords. Lettings is a hands on business or they are offering limited service with great risks.
“Howsy, which lists on Rightmove, charges flat fees from £35 a month for a let and management service”. Don’t make me laugh.
there will always be fools to invest!!!
“We’re aiming to make renting a property as easy as booking a hotel” – they are aware that banning section 21 etc may make this unlikely…..good luck with that!
Shake it up Howsy now, shake it up Howsy
Anyone else bored to death reading about industry shakers? There has been so many with only a couple that have succeeded
Cracking song though……
Maybe you need to do your background work before promoting someone like this – see https://www.allagents.co.uk/no-agent/
maybe this is why they go under several names !!
How is this any different to the new local agent offering heavy discounts to try to attract business, then jacking them up as soon as possible? You get what you pay for, be warned landlords!
Ha ha, yes indeed – except with the local agent, at least you have a person you can doorstep when the inevitable time comes and they’re about to shut down!