Uppie deposit solution targets Airbnb generation
by Startacus Admin
The PropTech startup that's helping first time buyers and renters in a pretty innovative way...
It’s no secret that becoming a homeowner is a harder thing for many people these days than ever before. Wages aren’t keeping up with rising house prices and high rent swallows up the pennies being put away for a deposit. We have written before about some property tech startups looking to make things easier for first-time buyers (and renters), and we have another good one today.
Cheltenham-based Uppie wants to help first time homeowners own a home for the first time by, in a way, paying the deposit for them. It won’t be too shocking to hear that there is a give as well as a take for the buyer: sharing their new home with an ever-varying array of strangers! Yay! Uppie will guarantee up to 90 days of Airbnb bookings and pay at the start of the service, thereby covering the deposit. 
Now all the brand new homeowner needs to do is make sure there’s a bed in the spare room. Uppie does recommend that the house have at least one spare room, and we agree that this is probably a good idea, as we’ve found that strangers don’t like to sleep across the end of the bed like the family dog. Maybe because the family dog takes up too much room for them to fit comfortably.
Uppie is responsible for filling the bookings and takes on the risk of the room not performing as well as expected, meaning that the bookings they buy from the homeowner are non-refundable and said owner does not lose out. Conversely, if the room does better than expected, it will shorten the length of the agreement with Uppie.
Currently, Uppie is only available in Cheltenham, but Bristol, Edinburgh, Bath, and Southampton are set to join this year. Given the popularity of Airbnb and of having a home to live in, we think Uppie is a promising solution to the deposit problem.
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.
.jpg)
Carbon marketplace experts JustCarbon urge businesses to consider carbon credits to offset carbon emissions now or to bank them while market prices are low.
 (1).png)
The UK’s fastest-growing plant-based meat brand, THIS™ set to launch Seedrs campaign to support further innovation, bold marketing and international expansion.
New mentorship programme aims to enable Hootsuite employees to shed light on their lived and sector experience and support BYP Network members’ career development.
CropSafe, a platform revolutionizing the future of farming, announce that they have raised over $3M in seed funding and have opened U.S. headquarters in Los Angeles.
Voicy, the online content platform for discovering, creating and sharing sound-clips and sound-effects secures investment to support team expansion and global growth.
.jpg)
Career Masterclass has launched a new website to showcase its offerings, as a strategic partner for businesses wanting to bolster D&I policies.
NI Startup? Fancy showcasing your startup at this year's Digital DNA event? We've got up to 10 spaces for NI startups to do just that. Here's the details!
Germany's leading digital solar platform, Zolar secures major investment to support roll out of new digital energy products.
Metro Bank seeks startups and scaleups with a focus on customer experience, community banking, optimisation of systems & data and sustainability for its second innovation lab.
Need a little extra motivation to get your daily step count up? Treekly will help you do your bit for the climate crisis with every step you take...
Published on: 17th January 2018
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Voicy lands €1.2 million pre-Seed from Global Founders Capital to build the GIPHY for sound 20th May 2022 Voicy, the online content platform for discovering, creating and sharing sound-clips and sound-effects secures investment to support team expansion and global growth.
- Zolar Lands €100 Million Series C On The Back Of Surging Demand For Affordable Green Energy 19th May 2022 Germany's leading digital solar platform, Zolar secures major investment to support roll out of new digital energy products.
- Metro Bank opens call for participants for second Magic Makers programme 17th May 2022 Metro Bank seeks startups and scaleups with a focus on customer experience, community banking, optimisation of systems & data and sustainability for its second innovation lab.
- Storyblok Raises $47M Series B to Make Headless Content Management the New Standard 17th May 2022 Storyblok secures major investment to further accelerate product innovation and growth into the US and Europe.
