CreditLadder launches fundraising campaign to move into tenant referencing

Proptech platform for using rent to build up your credit score, CreditLadder, is saying it will provide more agency-enabled tools as it begins crowdfunding for a target goal of over half a million.

CreditLadder, which provides rent recognition tools for agents and landlords to report rental payments and help improve their tenants’ credit scores, is looking to raise £600,000 through the Seedrs platform, plus up to £2 million externally.

Its pitch reveals it is planning new services for agents and landlords to access such as tenant referencing, to be released in under six weeks, as well as enhanced renter reporting, which will go live in September.

The funds raised will help cover operational costs, hiring new staff, launching new products, and sales and marketing activity.

CreditLadder, which has received Government funding to develop its rent recognition tool, has raised more than 60% of its target so far and the campaign closes on July 26.

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