#PropTech / Hammock collects £1M seed for its current account for landlords and property managers

Hammock, a U.K. fintech/proptech helping landlords and property manages gain better oversight on the financial health of their rental properties. most of the data needed by landlords to manage their property finances is already available on various banking and budgeting apps, but . isn’t accessible in “an easy and understandable” format…

. Hammock plugs into a landlord’s bank accounts, via open banking, and automatically monitors rent collection, tracks payments and expenses and provides live analytical reporting on the well-being of each rental house or flat. next on the roadmap, to be launched in the coming weeks, is an FCA-regulated current account designed specifically for landlords and property managers.

[Founder and CEO:] “Landlords who use Hammock get real-time notifications about all income and expenses. They also get the tools they need to reconcile transactions as they happen, so they always know where they stand in terms of profit and loss. In September we’ll launch our own current account, so all functionalities will be natively integrated and the whole experience will be even more seamless.”