LettsPay
“Can a real-time client-money platform replace traditional letting-agent client accounts with per-landlord FSCS-protected wallets?”
HQUnited Kingdom
FoundersGarrett Foxon
IndustryVertical SaaS / Real Estate
The story
LettsPay is a UK proptech that automates client accounting and rent processing for letting agents. After DLUHC regulatory changes blocked proptechs from holding client funds in EMIs, LettsPay migrated to Griffin's banking-as-a-service rails to provide FSCS-protected individual landlord wallets while remaining CMP compliant.
Last 12 months
Product timeline
2024
Migrated from EMI-held client funds to Griffin bank accounts after DLUHC regulatory changes· pivot
2025
Launched international payments option with Currencies Direct· banking
The stack
3 layers disclosed in LettsPay’s embedded-finance stack
Banking / BaaS
Sponsor bank
in the full report
FX & payouts
in the full report
Accounting gap: none
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.