A service that provides upfront funding to landlords, in exchange for a service fee
About the startup
Wectory is a company specialising in the provision of upfront rental services for landlords. Wectory manages the current rental income from a landlord under a tenancy agreement that has already been put in place. Wectory also helps tenants make and manage payments via the application. The startup works with an approach whereby the landlord is able to request up to twelve months of rent as one single payment to increase their cash-flow for personal or housing-related reasons. Unlike a bank or lender, Wectory does not require any repayments once the upfront funding has been given. Instead, the tenant begins making regular rental payments, until the duration of upfront funding has been met.