Yorlet

Yorlet Ltd, incorporated on July 25, 2016, provides a specialized financial software platform for the real estate lettings market. The company was founded by Maximilian Anthony Cartwright and William John Stenhouse. Yorlet operates as a venture capital-backed entity, securing seed funding to fuel its development and market entry. A seed round on December 31, 2021, raised $182K, contributing to its growth.

The firm offers a comprehensive, integrated suite designed to streamline the entire lettings lifecycle for property management businesses, from tenant onboarding to financial reconciliation. Its business model is centered on providing a SaaS platform that replaces multiple disparate systems and manual processes, thereby driving operational efficiencies for its clients. Yorlet targets enterprise and mid-market letting agents, build-to-rent operators, and global property managers, generating revenue through software subscriptions.

Yorlet's platform automates critical workflows, including tenant applications, digital onboarding, and Know Your Customer (KYC) checks. A core feature is its automated payments and billing engine, which handles rent collection, invoicing, and arrears recovery. The system supports various payment methods, from direct debits to Apple Pay, and processes payouts to landlords and contractors, moving funds significantly faster than traditional banking. The platform also provides robust financial reporting and analytics, giving clients a real-time overview of their portfolio's performance. To enhance its service offering, Yorlet integrates with third-party services like the Deposit Protection Service (DPS) and Let Alliance for tenant referencing.

Keywords: property management software, lettings platform, proptech, fintech, rent collection, client accounting, real estate technology, tenant onboarding, automated payments, arrears management