Blog posted by: Konrad
Rotthege, Co-founder, Conveyo Conveyo is currently a
participant in the Geovation Accelerator Programme – a programme
backed by HM Land Registry and Ordnance Survey which provides
geospatial and property technology (PropTech) start-ups with grant
funding and 12 months of support.
Why create Conveyo?
Conveyo prepares properties to be legally ready before listing,
making home sales more certain and efficient.
I founded Conveyo in 2022 with data scientist Andrea Monti Solza.
Our objective was to help home movers sell without hassle and buy
with confidence.
As a property lawyer, I've been through the nitty-gritty of
property transactions myself. It became clear to me that there
had to be a smarter way to handle things by blending legal
know-how with technology.
At Conveyo, we believe technology, in particular data-driven
conveyancing, will play a crucial role for property transactions
going forward. However, while some firms already embrace
technology in some way, others still operate manually or on
paper. The reality is that these manual workflows consume
valuable time and erode hourly rates, potentially compromising
the competitive edge of these firms.
How does Conveyo help property transactions?
Conveyo ensures frictionless property transactions by collecting
all required data early in the process and sharing it with
stakeholders through its digital conveyancing platform. For
customers, Conveyo offers a tailored concierge service around
their transaction. Often, home sales are not easily accessible to
individuals, leaving them unsure what to do and who to trust.
Conveyo steps in as their trusted partner guiding sellers and
buyers towards a seamless transaction.
Through its network, Conveyo helps customers to find the best-fit
estate agent and solicitors for their transaction. Beyond that
matchmaking, Conveyo coordinates the entire transaction, handles
the legal workstream and provides automated communications
between all parties, making sure everyone is on the same page
without the need for update calls.
With Conveyo, everybody wins - sellers and buyers transact
without hassle and with more confidence while solicitors save
time and increase their profitability.
How Conveyo uses location data
Conveyo’s digital conveyancing platform sources data from over
100 data points, incorporating data from HM Land Registry and
Ordnance Survey. These datasets include HM Land Registry’s local
land charges, restrictive covenants, registered leases and price
paid information. Together with Ordnance Survey’s address base,
we can paint a comprehensive picture about the property and its
surroundings.
At Conveyo, we believe that the more accessible property data
becomes, the better use can be made of it, empowering a
data-driven property market.
The benefits of taking part in the Geovation
programme
The experience we have gained in Geovation has been
incredibly valuable so far. It has provided us with access to a
network of experts and like-minded individuals who understand our
business and are helping us turn our vision into reality.
Geovation also provides us with exposure to potential customers,
investors, and collaborators within the PropTech sector, allowing
us to expand our network and pursue new market opportunities.
Being part of the Geovation Accelerator Programme is a validation
of our approach to improving the house buying and selling
process.
What's next?
We are actively exploring the integration of artificial
intelligence into our platform, which aims to further foster
collaboration among consumers, estate agents and conveyancers. We
are particularly excited about HM Land Registry’s efforts to
transform Local Land Charges (LLC) information, as it forms part
of our service. More importantly, we are keen to have a complete
digital LLC register because it will greatly support
well-informed and efficient property transactions, making home
buying faster and more affordable.
We want to help estate agents and conveyancers by offering a
gateway that leverages technology, allowing them to unlock
invaluable time efficiencies.
Against this backdrop, we are working on increasing our capacity
to process larger transaction volumes by expanding our technology
and team.
If you’re interested in finding out more,
visit www.conveyo.io
Applications to join the next
cohort of the Geovation Accelerator programme are open until 4
September 2023.
