London fintech Flatfair raises $11m

Flatfair, a London-based fintech firm, has raised $11m in a round led by Index Ventures.

The fintech, which aims to tackle the rental market in london by offering deposit free renting to tenants, says it’s already saved tenants “over £4,000,000 in deposit fees” and now looking to  “lead the way with the renting revolution that’s taking the industry by storm,” in a blog post.

The $11m funding comes from popular VC Index Ventures which has backed companies such as Facebook, Deliveroo, ASOS and Revolut.

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