Kingston, Jamaica — 28 February 2026
A London-based startup has secured £69 million in new funding to acquire and modernise independent real estate agencies across the United Kingdom, signalling a significant shift in how rental property markets may be managed in the years ahead. While the development is unfolding overseas, its implications reach beyond Britain, raising important questions about how technology, consolidation, and scale could reshape rental housing systems in countries like Jamaica.
The company, Dwelly, has already acquired 10 letting agencies and now manages more than 10,000 rental properties, according to its founders. The UK lettings market is highly fragmented, comprising roughly 20,000 agencies overseeing millions of rental homes. Despite its size — generating billions annually in rent and commissions — many agencies still operate through manual paperwork, phone calls, and branch-level administration.
Dwelly’s strategy is to buy established agencies, retain their loc…
