PropTech platform freezes fees for agents - so long as they invest

A PropTech platform that earlier this year was reported to be valued at £2.8m is making an unusual offer to letting agents.

Inadash allows agents and tenants to transact in real time; it also provides so-called ‘smart data’ in return for a monthly subscription fee.

Now the firm - chaired by industry veteran Michael Stoop who is also chairman of Belvoir - says it is offering agents a lifetime fee freeze if they invest in it via crowdfunding website Seedrs.

A statement from the platform says: “The fee freeze is open and will apply to all Inadash investors who currently own and/or go on to start a new agency in the future.” 

“We’re determined to help make renting more accessible and efficient for all our customers,” says Inadash chief executive Drahim Hasula. 

Inadash claims its shareholders and board of directors include experts from technology, finance and the agency industry. 

It describes itself as an “on-demand marketplace” which via an app and a website allows tenants and agents to connect as properties are listed as available to rent.

“Within a couple of clicks, renters can seamlessly browse available properties and book viewings either immediately or for a preferred time in the future. Meanwhile, agents gain access to a wealth of smart data through a feature-rich but easy-to-use dashboard, allowing them to identify trends and track their key performance indicators” says Inadash on Seedrs.