Coadjute raises $12.6 million

UK-based property technology fintech Coadjute has raised $12.6 million in a corporate funding round led by Lloyds Banking Group , with NatWest Bank , Nationwide , and RightMove as participants.

Founded in 2018, the Coadjute platform works by connecting existing property software systems across the house buying journey. It enables related parties to share communications and documents quickly and securely, increasing transparency and speed across each step of the property buying journey from estate agents to brokers, banks and conveyancers. The Coadjute network uses distributed ledger technology and is designed to sit behind the front-end systems businesses already use, securely linking all parties together.

“We believe Coadjute’s innovative technology has the potential to revolutionise the property buying process for all, and dramatically improve the speed and simplicity of purchasing a home. As the lead investors, we have coordinated with key industry partners to support Coadjute in delivering their fundraise. We look forward to working with them closely, continuing our strategic growth in the fintech sector but also as the UK’s largest mortgage provider, providing direct benefit to our customers and clients.” – Robin Scher, Head of Fintech Investment at Lloyds Banking Group.

“At Coadjute, we’re passionate about the power of collaboration and see it as the main way we can improve the property transaction process for buyers and sellers. We are delighted to be partnering with major players Lloyds Banking Group, Nationwide, NatWest and Rightmove and we see this as a huge step forward in the work we are doing to build a truly digital property market.” – Dan Salmons, CEO of Coadjute.