Homebuying Platform Onedome Moves In With Channel 4 - Beritaja

A fintech and spot business which integrates elements of the homebuying process has secured a multimillion lb finance from Channel 4 successful the state-owned broadcaster's latest media-for-equity partnership.

Beritaja understands that OneDome will denote connected Wednesday that it has struck a woody worthy up to £7.5m pinch Channel 4 Ventures.

OneDome's HomeBuyer work provides owe advice, conveyancing and transaction guidance successful a azygous fixed-price bundle sold for £999.

Earlier this year, the institution swooped to bargain Trussle, the online owe agent which had antecedently raised costs from investors including Goldman Sachs.

OneDome - chaired by the seasoned erstwhile City lawyer Sir Nigel Knowles - has group a five-year target of being progressive successful 10% of each UK homebuying transactions.

After buying Trussle, it now facilitates adjacent to £5bn successful yearly owe lending, arsenic good arsenic processing good complete 1,000 spot transactions each month.

The woody pinch Channel 4 Ventures will initially impact the proviso of media inventory worthy £5m, pinch different £2.5m invested taxable to circumstantial business milestones.

The business will beryllium utilized successful 2026 to motorboat a trading run promoting the HomeBuyer Service.

OneDome, which says it is already profitable, wants to triple revenues by the extremity of 2026.
"The homebuying acquisition is broken, disjointed and stressful," said Babek Ismayil, laminitis and main executive of OneDome.

"Instead of juggling aggregate work providers and managing the process themselves while moving afloat time, buyers could now acquisition 1 fixed-price work that includes everything they request to complete a location purchase."

Channel 4 Ventures' finance forms portion of a larger backing information that OneDome is expected to denote by the extremity of the year.

"This business is yet different illustration of really Channel 4 could create important commercialized benefits for the businesses that collaborate pinch us, pairing the unrivalled powerfulness of TV advertizing pinch our finance expertise," Vinay Solanki, caput of Channel 4 Ventures, said.
"OneDome is tackling 1 of the toughest and about important user challenges -- making the location buying travel simpler, faster and much transparent.

"It is already 1 of the fastest increasing scale-ups successful the UK, and we judge it has the imaginable to toggle shape really group attack 1 of life's biggest financial decisions."

Other media-for-equity deals struck by the broadcaster see partnerships pinch what3words, Pinterest, Crowdcube and Carwow,.