Coadjute, a London, UK-based homebuying data-sharing platform, raised £10m in funding.
Backers included Lloyds Banking Group, Nationwide, Natwest, and Rightmove.
The company intends to use the funds to expand its national roll-out and the scope of the network to include mortgage brokers and lenders.
Led by CEO Dan Salmons, Coadjute brings estate agents, conveyancers, mortgage lenders, buyers and sellers together in a single network where all parties are verified, and data can be shared securely in a standardised way. This means that important information, from deeds, to digital identity, to financial transactions, can all be exchanged quickly and securely regardless of the system the party involved uses.
Commenting on the news, Dan Salmons said: “We’re delighted that the Coadjute network is now being backed by the biggest players in the UK property market, enabling us to further expand our offering and roll out to more home movers and the professionals that serve them. Together with the estate agents, conveyancers and brokers joining the network, we hope to transform the experience of moving home in the UK, making it quicker, easier and safer for everyone in the future”
FinSMEs
08/04/2024