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Findingaplace

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Findingaplace is revolutionising the rental search experience, removing the need to even search at all.

118%
 - 
Funded 18 Jan 2022
£250,001 target
£311,669 from 352 investors
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Business overview

Location London, United Kingdom
Social media
Website london.findingaplace.com
Sectors SaaS/PaaS Digital Mixed B2B/B2C
Company number 06253289
Incorporation date 21 May 2007
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Investment summary

Type Equity
Valuation (pre-money) £1.5M
Equity offered 16.51%
Share price £1.35
Tax relief

EIS

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Business highlights

  • Disruptive prop-tech SaaS platform established & ready to scale.
  • 5 star reviewed service, endorsed by tenants and agents.
  • Over 15,000 tenant registrations since Spring 2021 launch.
  • Working with hundreds of agents London-wide.
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Key features

  • Secondary Market
  • Seedrs nominee min. £10.80 +
  • Direct investment min. £20,000.00 +
  • Pay by Bank payments not accepted
  • Idea
  • Key Information
  • Team
  • Updates
  • Investors 352
  • Discussion
  • Documents

Idea

Introduction

For renters, finding a property is not easy. It’s time consuming, stressful & full of disappointment but thankfully, Findingaplace exists to revolutionise the property search experience, removing the frustrations faced when renting a new home.

We save tenants over 20 hours otherwise lost trawling through property portals by connecting them only to Estate Agents who have properties that match their exact requirements.

Research by RWB reveals that half of searching tenants say the property they were looking for was no longer available and almost 40% never even received a reply at all. Unsurprisingly, a huge two thirds of tenants are not happy with the overall rental experience.

It takes less than 60 seconds to complete our free-of-charge online form removing the need to search at all. We save tenants time, protect their privacy and even give them an opportunity to hear about new properties that are yet to be advertised.

We’re also here to help the Agencies too, by providing pre-vetted tenants we save them resource and costs associated with both vetting and advertising. It’s a win/win for everyone.

Substantial accomplishments to date

· A highly scalable, disruptive SaaS prop-tech platform launched in London Spring of 2021. Revenue generating and ready to scale.

· We are proud to have welcomed over 15,000 tenant registrations - with ambitious marketing plans to share our proposition far and wide.

· We enjoy working with hundreds of estate agents throughout London, including the largest brands in the industry as well as fantastic independents too.

· Feedback from both tenants and agents has thus far been overwhelming positive, in fact we have only ever received 5-star reviews.

· Patentable and innovative number masking technology safeguarding our tenants contact information if required.

· Featured in multiple leading industry press including EstateAgentToday & The Negotiator as well as being an industry source for national press The Evening Standard.

Monetisation strategy

Findingaplace collects a monthly subscription from our Estate Agent partners in order to access our prop-tech platform which provides them with pre-vetted tenant applicants that specifically match their bespoke criteria such as coverage area, property type, budget etc.

Findingaplace has global reach, our journey has begun in London but our scalable SaaS platform is designed to operate in unlimited markets & regions.

Different subscription package options provide flexibility to our estate agent partners and enable our service to support independents as well as national brands alike.

Our immediate goal is to solidify our position in the London market before scaling quickly into major cities across the UK and internationally.

Our technology allows us the opportunity to increase the product offering including property sales as well as strategic partnerships with other services related to the property sector, generating a multitude of additional revenue streams.

Use of proceeds

With the backing of some truly incredible anchor investors bringing industry and commercial experience galore - as well as YOU - we aim to focus on the following areas;

Customer acquisition - Grow our proven marketing strategy to increase awareness and exposure in the property market, bringing our concept to more tenants who deserve better. In turn, this supports our targeted growth ambitions.

Team expansion - To keep up with demand and successfully induct our new agencies, support our tenant applicants as well as introduce business development to unlock partnerships given our unique position.

Technology and platform development - We have an aggressive roadmap for launching new market-leading features which include updates on both tenant and agent sides of our platform. These will improve levels of automation, enable further App development and provide technology preparations for significant scaling.

Key Information

Debt

The company has one £37,500 Bounceback loan at an interest rate of 2.5% per annum starting from May 2020. The loan is due to be repaid May 2030. The funds from this round will not be used to repay this loan.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

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Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £1,500,000

Pitch type

There are 5 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Cohort
  • Secondary

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs

Seedrs nominee

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Seedrs nominee.

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Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

This shareholding type is available and the minimum investment required to select it.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.