FinTech & InsureTech - Consumer Lending: Company presentation by Franz Doerr, Founder & CEO of flatfair at the NOAH Conference London 2019, 30-31 October, Old Billingsgate.
Injustice - Developers Among Us (SciFiDevCon 2024)
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flatfair - NOAH19 London
1. Founders: Franz Doerr (CEO), Daniel
Jeczmien (COO), Bartosz Alksnin (CTO)
Category: Fintech / Proptech
Founded: January 2017
Team: 54 FTE
HQ: London
Stage: $11m Series A led by
The home of fair living.
www.flatfair.co.uk
3. flatfair.co.uk2 | Copyright flatfairâ˘
No secure and convenient way to recover
end-of-lease charges from renters without
taking a deposit
Before flatfair, deposits were the only form of security that landlords have trusted
for centuries
4. flatfair.co.uk3 | Copyright flatfairâ˘
Today, flatfairâs technology provides thousands of landlords with unrivalled
protection and offers tenants an affordable alternative to an expensive deposit
â We can charge tenant bank accounts for proven end of tenancy
charges, even if a tenant card has expired, was lost or stolen
â In case of insufficient funds, our smart collection system charges
all other connected accounts (e.g. flatmates) who are jointly and
severally liable
â In case we canât collect the charge, the transaction is insured by
AmTrust Financial, an A-rated insurer
5. flatfair.co.uk4 | Copyright flatfairâ˘
How flatfair works
STEP 3
When the tenancy ends, any
dilapidations can be negotiated
through the flatfair app
Tenants find our deposit-
free properties through
partnered letting agents
and landlords
STEP 1 STEP 2
Tenants sign up online
and pay their one-off
membership fee
6. flatfair.co.uk5 | Copyright flatfairâ˘
âWeâre committed to embracing digital
technology to enhance our customers
experience and we see platforms like
flatfair playing a crucial role in the
evolution of Britainâs rental market.â
Eva Kiivit, Greystar Operations Manager
âWe are pleased to be able to offer tenants
an alternative to providing an up-front
deposit, and access to a digitalised deposit
and deposit-free registration process
through flatfairâs platform.â
Sharief Ibrahim, CBRE Residential Director
78% of tenants prefer flatfair â
when offered vs. a traditional deposit
(82% for renters above $3,500 monthly rent)
20% less admin time spent â compared
with a traditional deposit that is tedious to
manage and negotiate
50% fewer charges with flatfair â
compared with a traditional deposit since
our members know their responsibilities
when moving
Higher NOI per tenancy â compared
with a traditional deposit as we share our
revenue with our partners
2 in 3 tenants choose flatfair instead of paying a deposit and our operating partners
love our product
7. flatfair.co.uk6 | Copyright flatfairâ˘
$2.5m ARR and 20% m/m revenue growth: Strong momentum with some of the
largest property firms already offering flatfair to their tenants
Some of our existing partners include KPIs
User growth since launch
> 100,000
Accessible units in England,
Wales and Scotland
$2,500,000
ARR
> 20%
m/m revenue growth
(Aug/Sep)
54
Headcount
9. flatfair.co.uk8 | Copyright flatfairâ˘
Timely access to highly relevant data
Trusted link between all parties
As a deposit-free renting provider, we are in a unique position to design the
future relations between tenants, landlords and property managers
The Operating System for Renting:
Ăź End-to-end tenancy settlement
solution
Ăź Trusted rental scoring system
Ăź Smart rental optimisation and
reporting tool
Ăź Location-based network that
matches tenants with properties
Payment access
11. Selected Completed NOAH Transactions
Focus on Leading European Internet companies
Covering over 400 companies across 25 online
verticals, a broad range of over 500 investors as
well as 100+ online-focused corporates
Deep understanding of industry dynamics
Ability to add value beyond banking advice
Facilitates overall process and minimizes
management distraction
NOAH Advisors is globally well connected
and has direct access to virtually all key
players in the industry
Knowledge of and strong relationships with
potential buyersâ key decision makers
Proactively finds and unlocks attractive
investment opportunities for leading investors
Annual NOAH Conference in its 10th year
Over 40 years of combined relevant M&A experience
Routine execution of M&A and financing transactions
with sizes of several billion euros
30 successfully completed NOAH Advisors transactions
underline successful transfer of M&A competencies to
the Internet sector
Entrepreneurial mind-set, focused on growing the
business and establishing a reputation for excellence
Ability to deliver top results in short time frames
Highly success-based compensation structures align
interests of clients and NOAH Advisors, and demonstrate
conviction to deliver top results
Creative deal solutions
Unique Industry Know-How
Unmatched Network and Relationships
Strong Investment Banking Competence
Full Commitment - We Are Entrepreneurs!
EUROPEâS LEADING INTERNET
CORPORATE FINANCE BOUTIQUEÂŽ
The NOAH Advisors Core Banking Team
Marco Rodzynek
Managing Director & Founder
Jan Brandes
Managing Director
Nikhil Parmar
Director
Olek Skwarczek
Associate
Lukas Schlund
Analyst
December 2014 October 2014
Sale of 100% of
for $800m to
Exclusive Financial Advisor to
Fotolia and the Selling Shareholders
Sale of 100% of
for âŹ80m to
Exclusive Financial Advisor to
Trovit and its Shareholders
October 2016
Investment in
Exclusive Financial Advisor to KäuferPortal
and its Shareholders
by
84% Ownership
December 2016
August 2017
Financial Advisor to Silver Lake
Financial Advisor to EMK Capital
Investment in
Acquisition of a Majority Stake in
by
by
at a valuation of $200m
November 2019 July 2019
September 2018
Financial Advisor to MagicLab
Financial Advisor to AU10TIX
and its shareholders
Financial Advisor to 10bis
and its shareholders
Acquisition of a 79% stake in $60m Investment in
Sale of 100% in
by
at a valuation of ~$3 billion
at a valuation of $260m by
for âŹ135m to
10Bis