Rising proptech star Goodlord makes second acquisition with acasa

Lettings platform Goodlord has made its second acquisition, with the takeover today of household bill-splitting service acasa.

Acasa, formerly Splittable, is a bill-splitting app founded in 2013 and used by some 200,000 students and house sharers to set up and pay for split bills simply.

Goodlord meanwhile automates the lettings process for letting agents and landlords by putting offer letters, contracts and rent payments all in one place.

Tom Mundy, Goodlord’s operations chief, said the acquisition would see Goodlord further bolster the services it offers.

“For letting agents, it will make offering additional services—such as utility switching and broadband set-up—even easier, whilst enabling them to benefit from even higher conversion rates and commissions,”

“This news represents another step forward in our plan to build the sector’s strongest end-to-end offering; one which saves agents money, time and hassle whilst modernising the rental experience for all.”

The deal comes after Goodlord acquired referencing group Vouch in July 2020 in order to add tenant referencing capabilities to its platform.

It’s also the latest UK proptech acquisition, with US online mortgage broker Better.com buying Property Partner last month, and mortgage provider Trussle in July.

Financial details of the acasa acquisition were not disclosed by Goodlord. The startup last raised funding back in 2015 of $1.2m as part of an initial seed funding round.

“We’re excited that our technology will now be a part of the market leader in the residential rental property market in the UK, this will enable our purpose and our product to reach more tenants than ever before,” said acasa CEO and co-founder Nick Katz.

“Together with Goodlord we will be able to carry on our mission to make the experience of moving in, managing and moving on as delightful as it should be.”