The problem

The property transaction process remains one of the most frustrating experiences for consumers. Three-quarters of homebuyers report having a negative experience during their property transaction journey. For nearly half, the process drags on for over 5 months to reach completion.

At the heart of this issue is a fragmented ecosystem built on outdated systems. The process requires multiple manual searches (local authority, environmental, water and drainage), often using disconnected systems that force professionals to duplicate work repeatedly. This leads to prolonged transaction times and frequent miscommunications between parties.

The consequences extend beyond frustrated consumers. These inefficiencies slow down the entire housing market, increasing costs through temporary housing or bridging loans, and contributing to a significant £1.5 billion annual economic loss in the UK alone. Even more concerning, one in three property transactions collapse entirely, resulting in wasted time and unnecessary stress.

The solution

Conveyd is creating digital passports for homes that significantly accelerates property transactions. Their innovative platform is fundamentally reimagining how property legal information is verified, shared, and managed.

At its core, Conveyd automates property legal checks through sophisticated AI technology, reducing what traditionally takes weeks or months down to a matter of minutes. Their system instantly verifies key legal details while flagging potential issues upfront, creating a more transparent and efficient process for all stakeholders.

The platform serves as a central hub where all parties can communicate seamlessly, reducing the frustrating back-and-forth that plagues traditional transactions. For consumers, this means visibility into transaction progress at every stage, while professionals can focus on value-added services rather than administrative tasks.

Conveyd isn't merely digitising existing workflows—they're fundamentally changing how property transactions function by creating a permanent digital record that follows a house throughout its lifetime, replacing repetitive paperwork with a streamlined, data-driven approach.

Why we’re excited to invest

Olly Betts, fintech sector director at Founders Factory, says: "There’s nothing quite like the feeling of finally getting the keys to your new house—not just due to excitement for your new home, but also in large part the relief that the pain of the conveyancing process is over. Conveyancing is broken, for consumers, mortgage lenders, brokers, and solicitors. Conveyd is remaking conveyancing how it should be: fast, transparent and right the first time.”