Renting is an exasperating task and many proptech startups have cropped up to make it better for everyone. One such London-based startup is Canopy, which operates with the objective to transform the way you rent properties. It serves renters, landlords and agents equally.
Founded in 2016 by Tahir Farooqui, Canopy has raised €3.5 million from Vision Blue Solutions and West Hill Capital along with additional backing from Experian, a credit score agency. This new funding will be used to extend RentPassports to more renters and partner with more real estate agents.
RentPassport is the core product!
RentPassport is Canopy’s core product targeted at the renters. It is a free digital rental profile and lets renders access all the financial products from a single app. With Canopy RentPassport, there is no need to email the bank statements. It provides renters instant referencing at their fingerprints without a long wait.
Lifetime rental made simple
At Canopy, they believe that sharing the RentPassport with a landlord or agent will simply lifetime rental. It will prioritise you over the other applications still stuck with conventional renting techniques. This app will have your digital rental history and simplifies your next move.
Build positive credit history
Besides simplifying lifetime rentals, RentPassport uses your rent payments and builds a positive credit history. It will improve your credit profile and make you move closer to owning a home. The Rent Tracking feature is free to use and is the best way to create a credit history. It also makes it easier to prove your identity online and broadens the range of financial services you can avail.
Rent properties faster!
Canopy also serves landlords offering them a platform to rent their property faster with Canopy DepositFree. This insurance is an alternative to cash deposits and still offer the same protections. With DepositFree, you can free up cash and use the money to pay off credit card bills, purchase furniture or go on a holiday.
With Canopy, you can enjoy deposit free renting. It opts for instant digital referencing to eliminate the need to pay an upfront cash deposit. Eventually, the rental application process is simplified to a great extent.
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