Keyzy Secures £3 Million for Rent-to-Own Innovation
On January 24th, 2023, an exciting development emerged in the world of real estate fintech as Keyzy, a company dedicated to providing rent-to-own solutions for aspiring homeowners, successfully raised a substantial £3 million in a seed funding round. Based in London, Keyzy aims to leverage these funds to not only enhance its technological capabilities but also to expand its home acquisition initiatives. This capital injection will directly benefit their primary audience—key workers and young professionals—by providing them with a viable pathway to homeownership, a dream that has become increasingly elusive in the current market.
The funding round was co-led by notable venture capital firms Axeleo Capital and Outward VC, with additional participation from Seed X and contributions from existing investors such as Global Founders Capital and ActivumSG Ventures. Jeremy Matallah, one of the co-founders of Keyzy, expressed his enthusiasm about the backing received from these investors, stating that their support signifies a collective effort to dismantle the barriers that have hindered many key workers and young professionals from owning their own homes. With the rapid rise in U.K. property prices, which have outpaced income growth by a staggering threefold over the past nine years, there has been a noticeable shift in the average age of first-time buyers as savings required for mortgages have become increasingly unattainable.
Keyzy, established in late 2021 by Jeremy Matallah and Simon Groll, has developed a unique financial model aimed at making homeownership possible for individuals lacking sufficient savings. By allowing successful applicants to choose a property within a defined budget, Keyzy acquires the selected home and leases it to the applicant at a fixed rent over a period of three to seven years. This innovative model not only aids in building credit history for future mortgage applications but also enables clients to accumulate rent credits that directly reduce the property's eventual buy-back price. As Simon Groll articulated, this funding enables Keyzy to expedite home purchases amidst the pressing demand from over 1,000 applicants and a waitlist of more than 3,000 individuals eager to join the platform, even as traditional mortgage avenues face instability and the Help to Buy scheme approaches its conclusion.
They've invested in Keyzy
Get to know these Fintech investors
| Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|
 Axeleo Capital | 4 investments investments | 1 contact contact | |||
 Outward VC | 14 investments investments | 4 contacts contacts | |||
 Seed X | 5 investments investments | 1 contact contact | |||
 Global Founders Capital | 4 investments investments | 7 contacts contacts | |||
 ActivumSG Ventures | 2 investments investments | 5 contacts contacts |
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