A former conveyancer has successfully raised £850,000 for a new tool designed to simplify the conveyancing process.
- The funding includes a grant of £292,000 awarded by Innovate UK, signalling strong institutional support.
- Since its launch, the tool has facilitated the onboarding of 2,200 clients, with eight firms currently using the service.
- The tool aims to streamline client onboarding by automating essential checks and compiling comprehensive information packs.
- ProConvey, the company behind the innovation, plans to expand its user base significantly by the end of 2025.
A former conveyancer has raised £850,000 to support the development of a new onboarding tool specifically designed for the conveyancing sector. This significant sum, which includes a £292,000 grant from Innovate UK, highlights the innovative approach taken by Chris Scantlebury and his co-founders at ProConvey.
Since its inception, ProConvey has made impressive strides, having onboarded 2,200 clients since mid-July. The tool is currently utilised by eight law firms, including one of the top 10 conveyancers, and aims to partner with over 100 firms by the close of 2025.
Mr Scantlebury, leveraging a decade of experience at the coal face of conveyancing, intentionally developed a tool tailored for the specific needs of the sector. Distinct from general onboarding solutions, it performs automatic ID and anti-money laundering checks, collects case-relevant data, and compiles transaction-ready contract packs.
Emphasising efficiency, Mr Scantlebury mentioned that the tool removes administrative burdens, thus minimising the initial transaction overhead. This system also includes a customer support service to assist law firms, addressing issues such as those Mr Scantlebury faced in his former conveyancer role.
The foundation of ProConvey, established in February 2022 with co-founders Manuela Fabris and Ryan Buckle, was fortified by successive funding rounds, raising £542,000 from investors. The firm operates virtually, aiming for a physical office by 2026, and plans to scale methodically, targeting gradual growth over rapid expansion.
ProConvey operates on a per-case charge model, a cost that some firms pass onto clients while others absorb it. By the end of the forthcoming year, Mr Scantlebury envisions ProConvey with its panel of conveyancers and an in-house quoting tool.
With regulatory changes requiring sellers to supply upfront property information, Mr Scantlebury anticipates an initial service charge, potentially screening out less committed sellers. Feedback so far has been positive, reflecting successful platform development over time.
The ProConvey tool represents a significant leap forward in simplifying the conveyancing process, evidenced by the positive reception and ongoing support.
