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Housing and Property

Exchange Train Ltd

Status: Active

Feb 23rd 2021 - Apr 12th 2021

Stretch

Exchange Train (ET) is an online comparison website where property solicitors have 24 hours to bid for the home-movers custom in real-time. ET argues that there are over 19,000 property solicitors in the UK each providing a different quality of service, price, and turnaround time. ET aims to overhaul this process. Its portal locates the top solicitors for the customer’s specific transaction, based not only on price but what's most important to the customer. ET has had over 10,000 visitors, generated over 650 quotes, and signed up 22 solicitors on its portal, to date. The company has also featured in TodaysConveyancer, The Property Industry Eye, and The Negotiator Magazine. It will use 30% of the investment towards accelerating website development, 36% towards boosting Public Relations (PR), 18% towards enhancing Google Ads and social media, and 16% towards growing business operations.

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Exchange Train Ltd Rating Review

Rated on 18/03/2021

Pitch Rated

41%

Insufficient Data

Management

58%

Product

65%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

Pitch rating powered by CROWDRATING

  • £123,166
    pledged
  • 123%
    of goal

    £100,006
    target

    £578,000
    pre-money valuation

    14.75%
    equity available

    187
    investors

    £659
    pledge per investor

    12094692
    company number

    Active
    company status

    10/07/2019
    incorporated 2 years

    Previous Funding rounds
    23 Feb 21 Seedrs £123,166 / 123% 41.00%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 58%

Skills 64%
Exchange Train Ltd team is relatively small, consisting of the Founder, Creative Director, Head of Development, Lead Developer, and Financial Controller. The Linkedin profiles of the senior team include the Founder/Managing Director, who's reported skills include customer service, stock management, time management, teamwork, and advertising. Their Creative Director specialises in stellar communication, presentation, problem-solving, and project management. Their Lead Developer is proficient in the matrix, optimising the development process, product integration, designing systems, and information security. Their Head of Development has skills to build the brand and increase brand awareness through problem-solving, communication, negotiation, time management, and project management. The company finances are overseen by their Financial Controller, who is specialised in financial analysis, ratio analysis, financial modelling, valuation, and balance sheet analysis.

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Funding progress



More from Housing and Property

Howsy is a property management app that aims to make renting a satisfactory experience for landlords and tenants. The company claims to have created a digital ecosystem that removes traditional agents, bringing down the cost of managing a property by an estimated 75% and delivering satisfactory customer service. Howsy has 7,000 properties on its platform mixed between recurring revenue and one-off customers. It has also acquired two of the largest online agents in the UK, Upad and Happy Tenant Company, in December 2019 and September 2020, respectively. Howsy asserts that it has achieved a 130% year-on-year revenue growth despite the COVID-19 pandemic and has featured in press entities like Forbes, The Guardian, TechCityNews, and Startups.co.uk, amongst others. It will use the investment for working capital allocation across marketing, general/admin, and technology. It will also use the funds to provide a stable runway to its Series A funding round, which it hopes to complete by January 2022.
pledged: 89% days to go: 18 investment: £712,310

  • £123,166
    pledged
  • 123%
    of goal

    £100,006
    target

    £578,000
    pre-money valuation

    14.75%
    equity available

    187
    investors

    £659
    pledge per investor

    12094692
    company number

    Active
    company status

    10/07/2019
    incorporated 2 years

    Previous Funding rounds
    23 Feb 21 Seedrs £123,166 / 123% 41.00%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph