Hammock - the FinTech startup that's made by landlords for landlords
by Startacus Admin
Finances for landlords made easy thanks to FinTech startup Hammock...
For landlords with multiple properties, it can be a hassle to keep track of your properties, keeping an eye on who has and has not paid their rent, and getting an overview of what properties are making a profit. Obviously, the more properties the landlord has, the more difficult and more of a hassle it becomes to maintain this overview. The natural solution to this is to gather all of the necessary information into one place.
London-based fintech startup Hammock has built a platform that does just that, giving landlords a clear overview of their properties.
As well as an overall profit and loss analysis, the platform breaks down each property so that you can always see at a glance which properties are occupied, what the rent for each is supposed to be, whether the tenant has paid, how much you have made from the property in total, and how much you have expended on it.
You can also keep track of mortgages, maintenance, and insurance directly from the app. Hammock combines all relevant transactions from your bank accounts via Open Banking, securely and in real-time to ensure that you can stay on top of things.
Since launching in May 2019, Hammock has tracked more than £7m in rent from over 2,000 tenants, and in August 2020, the startup announced a £1m seed funding round led by Fuel Ventures and Ascension Ventures, who join Founders Factory and Aviva in Hammock’s list of investors.
With this backing and a range of pricing options from free, to £9.99 (+ VAT) a month, to a custom package tailored to the landlord, we can see this platform becoming widely used across the UK within a short time.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Business owners and entrepreneurs may have many similarities but there are several key differences too - here, we take a look at some of those
Trust Keith is a startup that is on a mission to simplify data protection by creating a global data protection solution that is wholly founder-centric
Insights from our panel event with Insurtech Gateway on how re-framing your business as an insurtech could unlock your business' true potential
Applications still open for The Debut Sessions Christmas Pitch comp with the opportunity to win a Term Sheet for a £100,000 SEIS investment
Primer, the innovative fintech that helps merchants consolidate their payments stack through its low-code infrastructure and online checkout API secures a £14 million Series A funding round, led by Accel
Ryan Roddy, Derry native and student at De Montfort University wins the Prospect 100 global sneaker design competition with his military inspired corkscrew sneaker
The Limerick-based startup that can perceive, predict and prevent automotive accidents in real-time using proprietary long range imaging sensors & AI on-the-edge
Insights from a discussion with Speedinvest, Amplifier, La Famiglia and Redstone, four of Europe’s leading early stage venture funds, on current VC funding for female founders and what changes are needed
Carverter is an online platform that’s on a mission to help us all to switch to greener cars sooner, by providing independent advice and comparisons in one handy place
Effective branding should reflect your business and what you're about - this advice and these tips will help you ensure that it does just that
Published on: 19th August 2020
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Insurtech Gateway Panel event - Could insurtech unlock your business? 1st Dec 2020 Insights from our panel event with Insurtech Gateway on how re-framing your business as an insurtech could unlock your business' true potential
- UK-based startups sought for The Debut Sessions Christmas Special 1st Dec 2020 Applications still open for The Debut Sessions Christmas Pitch comp with the opportunity to win a Term Sheet for a £100,000 SEIS investment
- Primer secures £14 million Series A funding 30th Nov 2020 Primer, the innovative fintech that helps merchants consolidate their payments stack through its low-code infrastructure and online checkout API secures a £14 million Series A funding round, led by Accel
- Derry student wins Prospect 100's global sneaker design competition 30th Nov 2020 Ryan Roddy, Derry native and student at De Montfort University wins the Prospect 100 global sneaker design competition with his military inspired corkscrew sneaker
