London, United Kingdom
Wectory, founded in 2020, offers a novel rental factoring infrastructure catering to property professionals in the United Kingdom. By addressing the gap between collecting and disbursing rental payments, Wectory empowers letting agents and property management companies to turn existing tenant data and landlord relationships into revenue-generating opportunities.
The company provides a comprehensive infrastructure stack including a risk assessment scoring engine, white-label Direct Debit collections, automated branded document generation, and payout verification via Open Banking. A notable advantage of Wectory's solution is that partners can utilize their capital for advances, maintaining control of relationships, margins, and branding.
In April 2022, Wectory secured a $2.00M Seed Round investment from FJ Labs, Flyer One Ventures, and ZAKA VC, reflecting strong investor confidence in its potential to revolutionize the PropTech landscape in the UK.
