Daniel Attia, Andrew Barclay, David Jacobs and Alistair Barclay: YOPA
The eight month-old proptech firm with £16m funding is out to challenge in the online estate agent space
Daniel Attia, Andrew Barclay, David Jacobs and Alistair Barclay, 26, 25, 29 and 26
The last few years have seen a number of start-ups pop up to challenge the outdated and inefficient property market. YOPA is one of the latest in a line of property technology (proptech) firms using technology to inject some transparency into the sector.
The London-based business, which launched nationwide in January this year, gives house-sellers the best of both worlds; the full services of an experienced estate agent in their local area, combined with the cost-saving efficiency of an online service. Properties are posted on its platform, and are then advertised on major property sites such as Rightmove and Zoopla, for a fixed fee of £780 rather than taking a percentage of the sale.
Instead of having to rely on estate agent opening times, buyers, sellers and agents are also able to interact with each other “directly around the clock”. YOPA claims it takes an average of just 14 days to sell a property through its platform with users able to pay their fee either up front or up to six months later at no extra cost.
In June, YOPA closed £16m in funding led by Savills investment arm Grosvenor Hill Ventures to help it take on rivals in the online property market.
Image ©Peter Searle.