Stairpay, a London, UK-based platform that simplifies the customer journey of shared home ownership, raised £750k in Pre-Seed funding.
The round was led by Fuel Ventures, with participation from Heartfelt Ventures. Prominent angel investors such as Rob Hamilton, Luke Appleby, and Paul Kempe.
The company intends to use the funds to further develop the platform and onboard more housing associations.
Led by Floris ten Nijenhuis, Founder, Stairpay currently focuses on automating staircasing – the process of gradually building towards 100% home ownership. The company has partnered with housing association Clarion and social enterprise, Places for People, and Share to Buy to facilitate automatic listing of shared ownership properties for sale. These partnerships will leverage Stairpay’s data-driven insights to enhance and simplify the shared ownership experience for residents using the part-buy, part-rent scheme designed to make housing more affordable.
Residents can manage their entire shared ownership experience through the app, eliminating the need for dealing with multiple advisers and complex paperwork. Stairpay also captures data points to help housing associations better understand their residents and optimise their shared ownership offerings.
FinSMEs
30/07/2024