Track - the property and money manager app for younger homeowners

by Startacus Admin

PropTech innovation continues with the launch of Track, a property and money manager app aimed specifically at younger homeowners...

Innovation continues in the PropTech sector with the launch of new startup Track which is the first property and money manager app aimed specifically at 25 - 39 year old homeowners. Recognising that this new generation of homeowners expect slick online products, the Track team have created an app from which all household finances can be managed easily.

With the current market seeing the number of UK first-time buyers at its highest level in over a decade, and with the average age of those buyers being 33, the launch of Track could not be more timely. This is particularly the case since sky-high house prices has meant that many buyers have had to co-finance their purchases with partners or parents, but still want to maintain levels of financial independence.

It is these reasons that inspired Track founders Byron McCaughey & Henry Oakes to create an app aimed at the young homeowner, who is dealing with complex ownership, ‘together but separate’ finances and who also has become accustomed to efficient and effective FinTech products and services.

Byron commented:

“We have brand new ways of managing everything online from our current accounts, to our pensions to our credit scores – and it struck us that there is nothing out there for our biggest and most personal asset: our home. We built Track to give young homeowners a sense of empowerment, ease and above all else, to take the emotional stress out of money management.”

The Track app provides young homeowners with a range of features including:

• Property Dashboard: AI-powered home valuations, real-time equity, contributions to purchase tracker, and advanced planning tools.
• Multi-person Access: everyone involved in the household finances gets access, giving them instant clarity in shared-finance household.
• Living Expenses: tracks individual contributions to the home from multiple bank accounts, giving transparency on spending, in one place.

Following investment from Europe’s leading PropTech VC Pi Labs, Track is now crowdfunding on Seedrs, so if you’re interested in finding out a little more on this innovative startup or in supporting their campaign, you can check it out there.

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Published on: 2nd December 2019