Wectory
Curated by SignalProperty payment platform enabling upfront rental payments for landlords.
Overview
Wectory operates in the property and rent-based payments sector, offering a factoring service that enables landlords in the UK to receive upfront rental payments. This service allows landlords to access between 3 to 12 months' rent in advance without modifying their existing rental agreements. The company targets landlords who require immediate funds and utilizes online platforms and letting agents to facilitate transactions. Wectory charges a service fee for its offerings and claims to provide a fully online process that ensures funds are available within 24 hours. The company aims to address the need for upfront payments while maintaining professional management of rental contracts and has plans for future expansion beyond England and Wales.
Key facts
- Founded
- 2020
- Headquarters
- London, United Kingdom
- Stage
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- Industry
- Financial Technology
- Sector
- Payments
Business model
- GTM channel
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- 6 products and services
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- Commercial model
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Contact
- Primary office
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