15 new jobs being created over coming 18 months
£750k funding secured from MEIF Proof of Concept & Early Stage Fund
New roles will include marketing, IT and development specialists

West Midlands businessmen and brothers Jonathan and Matthew Daines have announced plans to create 15 new jobs in Warwickshire over the coming 18 months. Their company – online lettings platform LettingaProperty.com – has just secured £750,000 worth of funding from the Midlands-based MEIF Proof of Concept & Early Stage Fund.

LettingaProperty.com will be creating specialist roles within marketing, IT and development as it drives customer acquisition and product innovation. The company is also scaling its onboarding and support teams to handle increased customer enquiries while building towards its Series A funding round next year.

“Our ambitious vision started back in 2008 and is gathering real momentum, supported by this investment plus key board appointments. We are excited about our future growth potential and the opportunity to disrupt the traditional high street lettings model. We aim to make renting out your property long-term as easy as filling your holiday let on Airbnb, and become the go-to choice when renting out property.”

Jonathan Daines, Founder and CEO, LettingaProperty.com

LettingaProperty.com increased subscribers by 100% in 2021, taking the firm’s revenue to over £1m. It is on course to reach £1.6m in the current year, with the company now managing nearly 1,500 rental properties across England, Scotland and Wales. The company’s new funding from the MEIF Proof of Concept & Early Stage Fund (which is managed by Mercia and part of the Midlands Engine Investment Fund, and Mercia’s EIS funds), will support the platform’s further growth.

In addition to being headed up by Jonathan and Matthew Daines, who previously served respectively as a lettings director for a high street estate agency chain and the director of quality for Singapore’s Marina Bay Sands hotel, LettingaProperty.com has Kevin Neary as Chair. Neary, who was co-founder of games retailer GameStop Group, was appointed as Chair last year. As part of the new MEIF funding, Matthew Farrow, former finance director of online estate agency PurpleBricks, will also now be joining the LettingaProperty.comleadership team as Interim Finance Director to oversee future business scaling.

“Jonathan has used his experience in property management to digitally enhance each step of the tenancy journey. Lettingaproperty.com is one of the longest-established rental platforms and is unique in that its technology is backed by an experienced lettings team. The investment will enable the company to scale the business faster and cement its position in the market.”

Stephen Windsor, Mercia

For more information, please visit www.lettingaproperty.com or call 0333 577 8888.

About LettingaProperty.com

One of the UK’s longest established online lettings companies, LettingaProperty.com was founded in 2008 by Jonathan Daines, to address the shortcomings of traditional lettings – providing greater control and transparency for landlords and tenants.

For nearly 15 years, LettingaProperty.com has offered landlords a smarter alternative to traditional high street letting agents. Landlords get their rent on time, whether tenants pay or not, plus legal cover and expert lettings support – all for a low, fixed monthly fee.

With passion and integrity, the LettingaProperty.com team have helped thousands of landlords to better understand and manage the lettings process online, while developing a deep understanding of landlord and tenant needs – providing the foundation to develop an innovative SaaS rental platform and become a true Proptech leader.