The Proptech platform When You Move, which aims to revolutionise the speed in which UK homebuyers and solicitors can process a property transaction, has raised £3m.
The platform aims to fully automate the end-to-end process of UK conveyancing.
The latest tranche of funding, which raised £3m, was bolstered by Proptech VC, Fig, the backers of Smartr365, MOGO and Property Detective. Beyond Fig’s raise, funding has been secured across a hybrid network of friends and family, private HNW investors and incumbent shareholders.
The new money will be used to build out the solution’s customer excellence teams, scale up the development team and solidify the company’s position as the “go to solution” for professionals involved in property purchases.
The desktop, android and iOS solution significantly speeds up the overall connectivity between all parties through to completion. Primarily an agent and conveyancer facing solution, When You Move also provides a B2C interface, banishing paper-trails and manual chase-ups for all parties involved in the end to end.
From agent and broker to conveyancer and end-customer, all parties gain access to one integrated platform, enabling real-time updates and full transparency to progress a purchase or sale. Given the cumbersome 82 stages that can extend a potential UK house transaction to an average of 91 days – the process is transformed immeasurably.
Simon Bath, CEO and Founder, said, “This is a really exciting time for the business, from launching in a range of new locations to increasing the number of features that we offer. We’ve utilised a number of investment rounds to achieve some great milestones that we’re really proud of, and today’s launch marks a significant shift in our growth plans. When You Move is primed to enable conveyancing firms, mortgage brokers and estate agents to effortlessly provide information to one another and, in doing so, free them up to perform the important jobs rather than filing paper work and chasing other parties.”