Client accounting platform LettsPay has announced a partnership with tenant rewards specialist Vaboo, unveiling LettsPay Rewards as it looks to expand its offering to letting agents and their customers.
The multi-award-winning fintech, which is on course to process more than £1.5 billion in rental payments in 2025, said the scheme will be available free of charge to its letting agent customers until January 2026, covering their entire portfolio of tenancies.
Powered by Vaboo’s technology, LettsPay Rewards gives tenants access to discounts from a wide range of brands including Sainsbury’s, Ikea, Sky, Currys, Just Eat and Virgin Media.
It also features a monthly prize draw where one tenant wins a month’s rent paid.
COST OF LIVING
The platform is designed to help tenants offset the cost of living, while also supporting landlords and agents by improving tenant retention, reducing voids, and acting as a differentiator in new business pitches.
Agents can also upgrade to Vaboo’s premium services, which include data insights and business performance scorecards.
MANAGING FINANCES
Matt Gibbard (main picture), Commercial Director at LettsPay, says: “Through LettsPay, payments are automated, every transaction is visible in real time, and each landlord or property has its own dedicated account. This ensures funds are routed correctly, leaving behind a transparent, traceable log of every payment.
“The addition of LettsPay Rewards will help tenants better manage their finances and give agents a clear differentiator for their businesses.”
MEANINGFUL ENGAGEMENT
Jonathan Stein, chief executive of Vaboo, adds: “Our mission at Vaboo is to create meaningful engagement between property professionals and their customers.
“Through our partnership with LettsPay, letting agents now have the opportunity to offer a fantastic rewards experience for free, making their services even more attractive to all customer types.”
