PropTech platforms partner up to improve financial in...

PropTech companies teclet and Canopy are forming a partnership to allow their services to be bought by agents on the one platform.

teclet was launched in 2016 and automates many back-office chores for agents. Late last year OnTheMarket bought a 20 per cent share in Glanty, the operator of teclet, for £797,000.

Its platform is now making available Canopy, a digital tenant verification service supported by Experian and Open Banking data.

teclet claims that agents working with its platform can, via Canopy, reduce tenant screening costs by 90 per cent.

“Letting agents need to build long-term relationships with tenants as well as landlords and will benefit from being able to offer Canopy’s rent tracking solution which allows tenants to improve their Experian credit score by simply tracking rent from the security of their mobile devices. Rent tracking will also help letting agents and landlords reduce the risk of rental arrears” claims John Evans, commercial director at teclet.

Meanwhile the former Foxtons managing director, Peter Rollings - now a Canopy advisory board member, adds: “What I love about Canopy and why I got involved is that it not only provides some great and easy to use technology to help the agent do their job quicker and more efficiently, it also provides lots of clever and helpful stuff for the tenant. As we know, a great deal is where everyone wins and, coupled with the other benefits of the teclet platform, this delivers that outcome.”