Lendlord has launched an Open Banking integration that allows landlords to automate their cashflow and bookkeeping.
The portfolio management platform has been approved by the FCA to partner with Open Banking platform, Plaid, with the move enabling users to link an unlimited number of bank accounts to their Lendlord account.
Lendlord provides property investors with an online platform to manage and track their portfolio details, data, and performance, while also identifying capital raising opportunities based on a user’s specific profile.
The new integration will allow Lendlord’s users to fully automate their cashflow and rent collection, making it easier to manage their bookkeeping and tax returns. Landlords will also be able to review their expenses breakdown and profit and loss position across their portfolio.
“We have partnered with Plaid to deliver a great enhancement to the Lendlord platform,” commented Lendlord co-founder and CEO, Aviram Shahar.
“Landlords who make the most of this Open Banking integration will have greater visibility over the cashflow position of their properties and be able to automate key processes – saving them time and giving greater peace of mind.
“It will also help Lendlord users get better insights into their investment because it will improve the quality and credibility of the data they assess.”
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