FintechProptechTitle

Veya raises £500k to push title deed check service

Veya, a proptech platform enabling estate agents to spot title deed problems, announced raising £500,000 in seed funding from angel investors, according to the Negotiator.

The company plans to use the funding to expand its sales and marketing efforts and continue building its platform, which analyzes title deed documents and raises flags on potential glitches. This, in turn, gives parties more time to resolve problems and ensures home sales don’t fall through.

Veya also provides a set of actions for real estate agents to check off, in order to get sales completed, and offers an integration with Thirdfort to provide automated identity verification and source of funds checks on potential buyers.

“Veya is the must-have tool for any estate agent looking to win more instructions, sell properties faster and be more compliant,” Veya CEO John McAuley stated in the release.

“With this additional investment, we are well-placed to develop several exciting offerings built around the Veya platform, to ensure a smoother transaction process for all those involved in residential property purchases,” he said.

While the funding will go towards ongoing product development, it has also already supported Veya’s rebranding and the addition of key talent hires, according to Built Environment Networking. These include CTO Trevor Richards and CFO Ben Blackman in the second half of 2021.

In other recent fintech news, API startup Codat is partnering with Moody’s Analytics to link small business fintech data on the platform. Andreessen Horowitz (a16z) also completed a massive $9 billion fundraise for startups.

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