Latest news from Loughborough University

28 May 2015

Loughborough graduate working as head of business development for new innovative start up

A Loughborough University graduate is a part of an exciting new start-up that revolutionises the way tenancy agreements are transacted.

Tom Mundy, an Economics and Accounting graduate who formerly ran TOMS Fudge, is now head of business development at UK PropTech start up Goodlord.

Goodlord simplify the typical tenancy agreement through their software platform by generating and processing all paperwork electronically helping to save time and reduce cost.

The company has launched its first crowdfunding appeal through CrowdCube to raise £450,000 in the next 40 days. 

It will use the funding to address the staggering demand for the platform by building and growing the engineering and sales teams.

Since its launch three months ago, Goodlord has experience spectacular growth in terms of users and money transacted. The company has processed a total of £2,500,000 million in deposits from hundreds of tenants, and has seen a 900% increase in real estate agents’ sign ups from across the country.

As well as tenancy agreements, the platform which is open to estate agents, landlords and tenants, also processes documents ranging from contracts and reference checks to deposit payments.

CEO and co-founder of Goodlord, Richard White, said: “Since Goodlord’s launch in February this year, the company has seen an incredible uptake in usage, and we’re excited to kick off our crowdfunding round to take the company to its next stage of growth.

“Our vision is to revolutionise the way property is transacted, both rentals and sales. The property market is notoriously fragmented and today, the paperwork is still incredibly slow and inefficient. Goodlord is on a mission to fix that.”

To invest and support Goodlord with their project, please click here. The campaign runs until 4th July.

Notes for editors

Article reference number: May News

Loughborough is one of the country’s leading universities, with an international reputation for research that matters, excellence in teaching, strong links with industry, and unrivalled achievement in sport and its underpinning academic disciplines.

It has been awarded five stars in the independent QS Stars university rating scheme, putting it among the best universities in the world, and was named University of the Year in the What Uni Student Choice Awards 2015. Loughborough is consistently ranked in the top twenty of UK universities in the Times Higher Education’s ‘table of tables’ and is in the top 10 in England for research intensity. It was 2nd in the 2015 THE Student Experience Survey and was named Sports University of the Year 2013-14 by The Times and Sunday Times. In recognition of its contribution to the sector, Loughborough has been awarded seven Queen's Anniversary Prizes.

In 2015 the University will open an additional academic campus in London’s new innovation quarter. Loughborough University London, based on the Queen Elizabeth Olympic Park, will offer postgraduate and executive-level education, as well as research and enterprise opportunities.

The study was conducted using a combination of primary and secondary research methods. The primary research consisted of 11 in-depth interviews with Scottish Living Wage employers, 29 Scottish Government contractors and 8 stakeholder organisations representing key sectors and industries. The secondary research consisted of a review of existing international literature about the impacts and practicalities of introducing the Living Wage.