The Depositary is an innovative proptech SAAS platform designed to streamline the residential end-of-tenancy process for letting agents, landlords, and tenants. Co-founded by Kristjan Byfield and An Deckers in 2016, it aims to make tenancy conclusions faster and more transparent by automating key tasks, such as deposit returns and dispute resolutions. The platform is known for reducing administrative workloads by up to 90%, helping agents return deposits approximately 1/3 faster.
With a focus on efficiency and transparency, The Depositary integrates with industry-leading inventory providers, CRMs and utility management solutions, ensuring seamless operations for clients. Users praise it for reducing time spent on administrative tasks, easing communication, and minimising conflicts during the tenancy conclusion process.
Byfield and Deckers, both experienced agents, built The Depositary from their real-world understanding of industry pain points. The company’s customer-first approach has earned it numerous accolades, including the “Supplier of the Year (Apps)” at The Negotiator Awards in 2022 as well as both Best Innovation & Best EA Supplier awards at the EA Masters 2023.
The Depositary is on a mission to create a digital standard for tenancy conclusions across the UK and aims to reduce agency admin by over 95% and speed up deposit refunds by 57% or more which will see tenants and landlords receive their funds in 9 days or less as opposed to the current open-market average of 21 days.
In just a few years, The Depositary has become a key tool for many UK agencies, offering scalable solutions for small and large property management operations.