Zibble is a long term property rental marketplace for renters, landlords and property contractors
- MVP version launched
- Full time technology team in place
- Founder with 10 years investment banking experience
- Revenue generating: £25K revenue generated*
Zibble is a fully integrated digital rental platform that aims to be the Airbnb of long term renting. We streamline the rental process to match reliable tenants with responsible landlords and great homes.
Zibble’s proprietary platform allows users to search for and list rental properties, make rental applications, complete references, generate rental contracts, set up payments and book property contractors for maintenance and repair work. The end result is a seamless digital service which removes the need for costly fees and countless hours spent trying to find and maintain your property.
What we think makes Zibble unique, is that it is powered by Open Banking which makes the process of credit referencing and managing rental collections quicker and cheaper than traditional alternatives. Zibble also integrates AI to pick curated property listings for users based on their search history and preferences.
Our technology means we can continue to scale the platform with more offerings, aimed at creating a sticky user base who benefit from decreasing transaction costs.
Substantial accomplishments to date
Zibble already has proof of concept after launching in Central London. From Jan 2021-2022, we have revenues of £25K and we intend to continue expanding our presence across Greater London in the coming months.
Zibble has built and continues to improve our proprietary digital platform, in-house. This means we own and control our own technology; allowing changes to be made in real time. One recent example is our partnership with TransUnion to integrate credit ratings of prospective tenants to allow easy and real time screening of prospective tenants.
*Based on unaudited management accounts
We offer a subscription plan for Landlords to use the platform. Our fees remain significantly cheaper than traditional agencies and other digital offerings.
As we expand our customer base, we intend to build out a service offering for Tenants, such as Cleaning/Utilities, and charge vendors a fee to market these on our platform. This will also aim to increase user stickiness as we aim to become a hub for a broader range of property management services.
In the future we will also be looking at a B2B strategy where other small lettings businesses can use our platform as a white label service for a monthly subscription charge.
Use of proceeds
50% of the proceeds will be spent on hiring an additional Full Stack Developer to add to our in-house tech team. This will allow us to speed up development and decrease the time to market for our new features.
25% of the proceeds will be used for Growth and Marketing in Central London to on-board more properties on our platform.
25% of the proceeds will be spent on hiring an Operations Associate to deal with out of hours/offline support
The company has an outstanding Bounce Back Loan with £49,112 outstanding at an interest rate of 2.5% per annum. The loan is to be repaid by January 2027. The loan is currently being paid in monthly instalments of £887.
Funds from this raise will not be used to repay this loan.
Please note, the first £150,000 of investment in the campaign is SEIS eligible. Any investment over £150,000 will be EIS eligible.
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