Proptech News 02/28/2025
The Role of Technology in Real Estate: An Interview with Patrick Armstrong, CEO of Hyyve - Fintech.ca
The real estate industry is evolving, with technology driving transparency, competition, and efficiency. Patrick Armstrong, Co-Founder and CEO of Hyyve, is leading this shift by addressing challenges in an industry slow to adopt change. Hyyve focuses on agent selection, enabling sellers to compare bids, services, and qualifications for a data-driven, transparent experience. Armstrong emphasizes educating homeowners on the benefits of this approach and helping agents adapt to measurable, efficient lead-generation methods. Hyyve’s partnerships, like with Bidmii, enhance pre-listing processes, aligning with the Proptech trend of integrated solutions. The platform ensures security through agent verification, escrow payments, and safeguards for fair transactions. As demand for transparency grows, Hyyve’s model fosters trust and competition, benefiting sellers and high-performing agents alike. Looking forward, Hyyve aims to expand into a fully integrated real estate ecosystem through strategic collaborations, streamlining transactions, and empowering sellers with the tools and insights for smarter, more profitable home sales
PropTech brands combine to become one of the UK’s largest - London Daily News
Two leading UK PropTech companies, Canopy and The Lettings Hub, have joined forces, making them the third-largest organization of their kind in the UK. Canopy, known for its RentPassport product, has acquired The Lettings Hub, a provider of tenant referencing and tenancy management solutions used by over 1,200 letting agents, including major brands like Spicerhaart and Dexters. Although both brands will operate independently, they plan to leverage shared technology, data, and expertise to enhance offerings for agents and renters. This collaboration aims to provide an improved user experience, broader service range, and streamlined rental processes. Together, the companies now support over 2,500 letting agent clients, positioning themselves as leaders in PropTech innovation. With 2025 expected to bring significant changes in the lettings market, the partnership enables them to adapt to challenges like Renters’ Rights legislation. By combining resources and expertise, Canopy and The Lettings Hub are set to drive innovation and deliver greater value to the lettings sector
Renters Rights Bill pushes PropTech supplier into upgrades - Letting Agent Today
Goodlord has upgraded its PRO Referencing service to prepare for the Renters Rights Bill. The revisions include an ID Upgrade to streamline Rent to Right checks and minimize fraud. The supplier offers UK government-accredited Right to Rent checks and International ID Checks with biometric facial recognition. Additionally, the Automated Sanctions Checks have been revised to eliminate the need for manual checks for agents and landlords. Starting May 14, letting agents will be required to check if prospective tenants appear on the UK's national financial sanctions list and report any matches or potential concerns to the Office of Financial Sanctions Implementation (OFSI). The new rules apply to all tenants, and failure to comply could result in significant fines. Goodlord's director of referencing explains that the lettings industry is undergoing a major regulatory shift due to the Renters' Right Bill and financial sanctions regulations. The company is committed to making compliance as seamless as possible, reducing risk for agents and landlords, ensuring compliance, and removing an additional operational step
Proptech Startup Relive Grows Internationally with $5.5M Funding - The Portugal News
Portuguese tech startup Relive has raised $5.5M in a Series A funding round to develop its proptech platform, focusing on digital tools for real estate agents. The funding was led by Indico Capital Partners and includes contributions from Shilling and Bynd. Relive, based in Lisbon, plans to expand its team and international reach, particularly in the U.S. market. The company's innovative business model offers real estate agents an all-digital, mobile platform that enables them to run their own businesses remotely. Designed for the modern gig economy, Relive's platform helps agents increase efficiency, grow their client base, and secure larger commissions. The company has attracted over 100 active agents and completed more than 50 real estate transactions across Portugal in less than a year. Relive's vision aligns with broader trends in the proptech sector, where technology continues to transform the real estate landscape. With key investors and a clear expansion strategy, Relive is set to play a pivotal role in driving innovation and growth within the international real estate market.