Coadjute Revolutionizing UK Property Market with Major Investments
April 4, 2024, 3:51 pm
Location: United Kingdom, England, Swindon
Employees: 10001+
Founded date: 1846
Location: United Kingdom, England, Newcastle upon Tyne
Employees: 501-1000
Founded date: 2000
London-based property technology startup Coadjute is shaking up the UK property market with significant investments from major banks like Lloyds Banking Group, Nationwide, NatWest, and Rightmove. These financial giants have poured £10M into Coadjute, bringing the company's total investment to £23M since its inception in 2018.
Coadjute's mission is clear - to streamline the home buying process by addressing issues of interoperability, manual processes, and closed data within the industry. By creating a unified network where estate agents, conveyancers, mortgage lenders, buyers, and sellers can securely share information, Coadjute is paving the way for a smoother and quicker property transaction experience.
The company's innovative application uses Corda technology to ensure end-to-end encryption for communications and transactions, making data exchange quick and secure regardless of the system being used. This digital revolution in the property sector is attracting attention and investments from key players in the industry.
Esther Dijkstra, Managing Director of Intermediaries at Lloyds Banking Group, emphasizes the importance of simplifying the home buying process for consumers. She believes that Coadjute's technology has the potential to transform the industry and make the experience of moving home quicker, easier, and safer for everyone involved.
With the support of these major investors, Coadjute is poised to expand its services nationwide and include mortgage brokers and lenders in its network. The company's collaboration with industry leaders like the Bank of England and HM Land Registry on Project Meridian further solidifies its position as a game changer in the property market.
By digitally connecting all parties involved in a property transaction, Coadjute is not only reducing the time it takes to complete a sale but also increasing transparency and efficiency in the process. With the backing of top financial institutions and industry experts, Coadjute is set to revolutionize the way homes are bought and sold in the UK.
Coadjute's mission is clear - to streamline the home buying process by addressing issues of interoperability, manual processes, and closed data within the industry. By creating a unified network where estate agents, conveyancers, mortgage lenders, buyers, and sellers can securely share information, Coadjute is paving the way for a smoother and quicker property transaction experience.
The company's innovative application uses Corda technology to ensure end-to-end encryption for communications and transactions, making data exchange quick and secure regardless of the system being used. This digital revolution in the property sector is attracting attention and investments from key players in the industry.
Esther Dijkstra, Managing Director of Intermediaries at Lloyds Banking Group, emphasizes the importance of simplifying the home buying process for consumers. She believes that Coadjute's technology has the potential to transform the industry and make the experience of moving home quicker, easier, and safer for everyone involved.
With the support of these major investors, Coadjute is poised to expand its services nationwide and include mortgage brokers and lenders in its network. The company's collaboration with industry leaders like the Bank of England and HM Land Registry on Project Meridian further solidifies its position as a game changer in the property market.
By digitally connecting all parties involved in a property transaction, Coadjute is not only reducing the time it takes to complete a sale but also increasing transparency and efficiency in the process. With the backing of top financial institutions and industry experts, Coadjute is set to revolutionize the way homes are bought and sold in the UK.