Startup of the Week - CreditLadder

by Startacus Admin

Tenants take note! We take a look at CreditLadder, the FinTech / PropTech startup which rewards tenants with improved credit for on-time rent payments...

However if you’re a tenant it’s an entirely different matter. Whilst you may pay your landlord on time each and every month, it is very unlikely to have any impact on your overall credit score - no matter how extortionate or high your monthly rent may be. Help is now at hand however thanks to our latest startup of the week.
CreditLadder is a FinTech / PropTech startup which aims to be “the UK’s leading rent reporting service”.
Here’s how it works. If you are a tenant, simply register for the service by connecting up the bank account from where you pay your monthly rent. Your rental payments will then be verified each month and this info will be reported to Experian. The aim? To help build and improve your overall credit rating and thereby also enable you to access better finance deals and rates.
If you are a landlord (provided you aren’t operating as a company), you can also encourage your tenants to sign up to CreditLadder and you’ll benefit (as they will) from them paying their rent on time. CreditLadder also offer a service where they can provide text and email reminders to tenants as well as the option to collect the rent on your behalf.
Letting agents can also gain from the CreditLadder service since it can enable them to identify good potential tenants who are committed to paying their rent on time.
It’s a win win for all then!
Like all good startups, CreditLadder have identified a significant problem and come up with a very effective solution.
We reckon that this is a startup that is certainly worth watching...
If you like the sound of this startup, you might want to read up on:
Inadash wants to make property rental easy
Dozens - the fintech app embracing savings not debt
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.
YoungPlanet is an app that aims to 'enables parents to put no longer used children’s things to good use with new families and away from landfill, for free'

Major investment news for the London-based fintech to support its product innovation and ambition to help small businesses thrive across the UK

The Yorkshire-based tech spin-out, FourJaw secures major funding to assist with developing its technological solutions for the manufacturing sector

The lowdown on Jack & Bry, the innovative London-based startup that makes a range of plant-based meats, all from Jackfruit

Week Gen-C is a week long calendar of events focused on entrepreneurship and careers, aimed at helping young people affected by the covid pandemic in the North West of NI

Leading startup community, YSYS launch 4 days of innovative online conversations and a range of new initiatives with the core theme of “Access”

Jean Gamester from Toastmasters International shares her tips on bringing back some of that old normal and staying fabulously virtually connected

Karakuri is a London-based startup that's using robotics to create innovative solutions for the catering sector

Planning to launch a fashion brand this year? Here are a few basic tips that will help you do just that and get your business off to the right start

Bippit is an online platform and app that helps companies to support the financial needs of their employees - not just via their salary
Published on: 6th February 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.







- Countingup closes £9.1 million Series A investment 3rd Mar 2021 Major investment news for the London-based fintech to support its product innovation and ambition to help small businesses thrive across the UK
- FourJaw’s six figure venture capital boost 1st Mar 2021 The Yorkshire-based tech spin-out, FourJaw secures major funding to assist with developing its technological solutions for the manufacturing sector
- Week Gen-C to offer career and entrepreneurship respite to pandemic-hit youth 1st Mar 2021 Week Gen-C is a week long calendar of events focused on entrepreneurship and careers, aimed at helping young people affected by the covid pandemic in the North West of NI
- #YSYSAccessWeek: Building a diverse, inclusive and accessible tech startup ecosystem 28th Feb 2021 Leading startup community, YSYS launch 4 days of innovative online conversations and a range of new initiatives with the core theme of “Access”