Homeppl’s solution combines fraud detection tests, behavioural analysis and financial algorithms, as well as open banking data, to assess the true transactional ability of consumers from all over Europe.
Spotahome has signed an agreement with UK-based tenant due diligence and guarantee firm Homeppl to provide landlords with a tenant referencing and guarantor service for medium and long-term lets.
Homeppl’s solution combines fraud detection tests, behavioural analysis and financial algorithms, as well as open banking data, to assess the transactional ability of consumers from all over Europe.
Spotahome has embedded the Homeppl tenant and guarantor services in a new premium package for its landlords; 2,000 have already signed up, with numbers expected to reach 10,000 by the end of the year.
Alejandro Artacho, chief executive and co-founder of Spotahome, said: “This new service offered to 'premium Spotahome landlords' in partnership with Homeppl, makes Spotahome the only platform offering rentals with no deposit and landlords guaranteed across multiple countries in Europe and it is just a step towards making rentals more accessible, and at the same time more secure for both tenants and landlords.
"In the following months, Spotahome will continue to launch new functionalities becoming the European digital rental platform of reference.
Alexander Siedes, chief executive of Homeppl, added: “With a post-COVID recovery underway, we’re delighted that Spotahome – one of the biggest online rental firms in the world – has chosen us as their tenant referencing and tenant guarantor provider.
"This partnership will help support rental mobility across Europe, enabling tenants to explore new cities and rent with greater freedom while protecting landlords from any financial or legal risk.”
