finance

Scottish property tech firm plans move into England



Scottish property technology firm Let Tech Solutions is expanding into England for the first time.

The company, which now works with more than half of all property managers in Scotland, has seen revenue and headcount rise during the pandemic, including a doubling its number of employees in the past year.

With some areas in Scotland seeing rental prices soar at a faster rate than anywhere else in the UK, many letting agents have turned to digital tools to run their businesses and survive lockdown.

Let Tech has invested heavily in creating new digital solutions within its River Letting Process Management (LPM) platform, while sister product MyRentalCV has also witnessed recent gains, with sign-ups tripling during the past nine months alone.

Alex Watts, founder at Let Tech Solutions, said: “It has been an intense 18 months for us as we’ve been working around the clock to develop and improve technical solutions in record time to help clients quickly adapt to the ‘new normal’.

“The impact of River’s digital tools on letting businesses across Scotland is immediate and the positive feedback from our clients has really kept the team motivated and focused on making letting better – so there’s no reason why we can’t replicate this success south of the border.

“There is always more to be done, but much has been achieved and there are some really exciting innovations in the pipeline.”

To enable further product innovation and drive the move into new markets, Let Tech is looking to further add to its team, recruiting for roles in its software and sales teams based in Edinburgh.

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With more than 1,000 letting agent customers throughout the UK, Let Tech Solutions operates Lettingweb.com, Scotland’s largest independent marketplace for properties to rent; River LPM, a letting process management solution; and MyRentalCV, where prospective tenants are able to create their own reference report.

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