Cornerstone Partners and SFC Capital participate in a £545k round into Cubic Lease

Proptech company Cubic Lease secures early stage funding to digitise the property and letting process.

The global pandemic has accelerated the need for paperless, contactless application processes. The ‘new normal’ has changed the face of business administration and digitised forms are set to replace paper based customer onboarding.

Enter Cubic Lease, the early stage mobile app that automates letting and property purchases by verifying photo ID, AML, soft credit checks, and Open Banking API’s that assess affordability and proof of funds.

Cubic Lease was co-founded in October 2019 by financial services and property professional James Owusu, an alumni of the annual Cornerstone scale-up programme which is hailed as the first black and diverse accelerator in Europe. After participating in the 9-week programme, James successfully won first prize at the closing demo day competition, paving the way for investment from the Cornerstone angel syndicate.

Cubic Lease continued their fundraising efforts by securing investment from SFC Capital, one of the most active seed investment funds in the UK. Their investments include Onfido, Jack & Bry and ETIQ AI.

The £545k round includes, amongst other funders, angel investors Richard Harley and Samantha Tubb, Founder and investor respectively of ScholarPack, an education management software business based in Lincoln.

To read the full article, click here.