Home » News » Canopy raises £3.1m to build business previous nextProptechCanopy raises £3.1m to build businessThe Negotiator27th August 20190224 Views Canopy has raised £3.1m in funding and secured additional backing from Experian, allowing them to extend RentPassports to renters and letting agents.The funding, from West Hill Capital and Vision Blue Solutions, will accelerate partnerships with letting agents and drive growth.Founded by Tahir Farooqui in 2016, Canopy is used by 15,000 renters including Get Living Rettie and Tipi Homes. Canopy’s core proposition, RentPassport, enables renters to build a digital rental profile and access products including deposit free renting and tracking rental payments. Renters can see their rental payments on Experian’s CreditExpert. Early analysis by Experian showed that by adding rental data to credit reports, the number of tenants who can prove their identity online rises from 39% to 84%, broadening the range of financial services available. Tahir Farooqui, CEO, said, “It’s a privilege working with a team to build a rental platform aimed at having a positive social impact on the lives of millions of renters.” Robert Caie, Managing Partner, West Hill Capital, said, “West Hill is delighted to invest in Canopy at such an exciting stage in the company’s growth cycle. Canopy can already boast an impressive distribution network of agents and landlords such as Hamptons and Get Living, along with corporate customers such as PwC and John Lewis.”www.canopy.rent Canopy funding proptech Canopy August 27, 2019The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021
Jan Vertonghen’s hamstring injury will keep him out until December, Tottenham have confirmed.The left-sided defender joined Dele Alli and Christian Eriksen on the sidelines when he was forced off at half-time of the 2-0 win at Huddersfield Town at the end of September.Belgium boss Roberto Martinez last week drew criticism from Mauricio Pochettino for revealing Vertonghen was likely to miss November’s Nations League matches. Article continues below Editors’ Picks Man Utd ready to spend big on Sancho and Haaland in January Who is Marcus Thuram? Lilian’s son who is top of the Bundesliga with Borussia Monchengladbach Brazil, beware! Messi and Argentina out for revenge after Copa controversy Best player in MLS? Zlatan wasn’t even the best player in LA! The club’s updated timeframe now rules the 31-year-old out of key Premier League fixtures against Manchester City and Chelsea, while his involvement in the derby with Arsenal on December 1 is also in doubt.”Jan Vertonghen sustained a hamstring injury against Huddersfield Town on 29 September, which has been monitored closely over the past 12 days,” read a Tottenham statement.”Further investigation has shown a good initial response to rehabilitation.”The Belgium international defender will now continue his recovery with a view to returning to full training by December.”Vertonghen was an integral part of Belgium’s run to the World Cup semi-finals and started each of Spurs’ first seven Premier League fixtures this season.