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Zibble

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Zibble is a long term property rental marketplace for renters, landlords and property contractors

100%
 - 
Funded 24 Jun 2022
£80,000 target
£83,233 from 160 investors
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Business overview

Location London, United Kingdom
Social media
Website zibble.uk/
Sectors Property Digital B2C
Company number 12355538
Incorporation date 9 Dec 2019
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Investment summary

Type Equity
Valuation (pre-money) £1.3M
Equity offered 6.00%
Tax relief

SEIS

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Business highlights

  • MVP version launched
  • Full time technology team in place
  • Founder with 10 years investment banking experience
  • Revenue generating: £25K revenue generated*
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Key features

  • Secondary Market
  • Nominee investment min. £10.78 +
  • Direct investment min. £2,000.00 +

Idea

Introduction

Zibble is a fully integrated digital rental platform that aims to be the Airbnb of long term renting. We streamline the rental process to match reliable tenants with responsible landlords and great homes.

Zibble’s proprietary platform allows users to search for and list rental properties, make rental applications, complete references, generate rental contracts, set up payments and book property contractors for maintenance and repair work. The end result is a seamless digital service which removes the need for costly fees and countless hours spent trying to find and maintain your property.

What we think makes Zibble unique, is that it is powered by Open Banking which makes the process of credit referencing and managing rental collections quicker and cheaper than traditional alternatives. Zibble also integrates AI to pick curated property listings for users based on their search history and preferences.

Our technology means we can continue to scale the platform with more offerings, aimed at creating a sticky user base who benefit from decreasing transaction costs.

Substantial accomplishments to date

Zibble already has proof of concept after launching in Central London. From Jan 2021-2022, we have revenues of £25K and we intend to continue expanding our presence across Greater London in the coming months.

Zibble has built and continues to improve our proprietary digital platform, in-house. This means we own and control our own technology; allowing changes to be made in real time. One recent example is our partnership with TransUnion to integrate credit ratings of prospective tenants to allow easy and real time screening of prospective tenants.

*Based on unaudited management accounts

Monetisation strategy

We offer a subscription plan for Landlords to use the platform. Our fees remain significantly cheaper than traditional agencies and other digital offerings.

As we expand our customer base, we intend to build out a service offering for Tenants, such as Cleaning/Utilities, and charge vendors a fee to market these on our platform. This will also aim to increase user stickiness as we aim to become a hub for a broader range of property management services.

In the future we will also be looking at a B2B strategy where other small lettings businesses can use our platform as a white label service for a monthly subscription charge.

Use of proceeds

50% of the proceeds will be spent on hiring an additional Full Stack Developer to add to our in-house tech team. This will allow us to speed up development and decrease the time to market for our new features.

25% of the proceeds will be used for Growth and Marketing in Central London to on-board more properties on our platform.

25% of the proceeds will be spent on hiring an Operations Associate to deal with out of hours/offline support

Key Information

Loans Outstanding

The company has an outstanding Bounce Back Loan with £49,112 outstanding at an interest rate of 2.5% per annum. The loan is to be repaid by January 2027. The loan is currently being paid in monthly instalments of £887.

Funds from this raise will not be used to repay this loan.

SEIS Allowance

Please note, the first £150,000 of investment in the campaign is SEIS eligible. Any investment over £150,000 will be EIS eligible.

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If you successfully purchase a share lot of this business, you will be granted access.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for Zibble has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 24 February 2022 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £1,256,410

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

Pitch type

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

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Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Nominee investment

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Nominee investment.

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Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

This is an option to invest and hold shares 'directly' in the company (rather than via the Nominee investment). This option is only available to those investing over the threshold amount, which is determined by the fundraising company.

If you choose to hold your shares directly, you will be responsible for any contractual or administrative arrangements with the company you are investing in.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

Security Token

A security token is a digital asset that represents ownership or other rights. It is a digital form of traditional investments. In the future, you may be able to trade your investment through compatible exchanges.

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None of the information in constitutes part of the campaign and it has not been approved or reviewed by Seedrs.

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