24 January 2023

Rent-to-own FinTech Keyzy secures £3mn to help the UK’s first-time buyers

Written By FinTech Alliance

Rent-to-own FinTech Keyzy secures £3mn to help the UK’s first-time buyers

Keyzy is helping key workers and young professionals get on the property ladder

In Brief:

The real estate FinTech acquires homes which it then leases out to aspiring homeowners on a rent-to-own basis, all while sheltering customers from rent and property price inflation

Successful applicants are given a budget to find their home, Keyzy then acquires it for them and leases it to them at a fixed rate for three to seven years. Customers can then buy the home at the original cost, minus the accumulated converted rent

Axeleo Capital and Outward VC co-led the funding round with participation from Seed X and existing investors Global Founders Capital and ActivumSG Ventures

What does this mean?

Jeremy Matallah, co-founder, commented: “there was a huge need for a product like ours 12 months ago when the market rates were at 0 per cent and the economic outlook was great, but still there was this existing problem. But now that the market is correcting itself, the need for our product has increased dramatically and we see it in the number of applications we get.”

Read more here

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