GetGround, the digital buy to let (BTL) management platform, has reported significant growth and has raised an undisclosed amount in a Series A funding round.
The firm, which launched last year, allows people to set up limited companies online within 30 minutes which can then be used to purchase BTL properties. The platform also allows users to manage rental income and expenses via a current account.
Since it was founded the number of companies on the platform has increased six-fold year-on-year. Around 3,500 landlords and property investors are now registering companies on the platform.
The firm is operating an annualised run rate of over 2,000 new companies a year, which manage properties with a cumulative value of more than £500m.
It added that it expected the cumulative value of properties managed would exceed £1bn in the coming months.
The firm has also completed a Series A funding round with investors including QED Investors, Mosaic Ventures, Hambro Perks and Taavet Hinrikus. The round will be used to expand its 500-strong partner network.
The amount raised was not disclosed.
GetGround co-founder and chief executive officer Moubin Faizullah Khan (pictured) said: “Our platform directly addresses the demand from these investors to make company BTL investments as straightforward and efficient as they can be.”
He added: “Expensive administration and labyrinthine communication between multiple parties shouldn’t be barriers to property investing. We’ve barely scratched the surface of how critical an all-in-one platform like GetGround is to this vast market.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.