LettsPay

LettsPay provides an embedded banking and client cash accounting platform designed specifically for modern letting agents. The system automates rent collection and processing by using live banking rails to move money through individual digital wallets. Every landlord, tenant, and property is assigned a unique wallet and reference, ensuring that funds are instantly allocated and reconciled the moment they reach the bank. This approach removes the need for manual reconciliation routines, batch runs, or specific payment windows. The platform manages compliance by default with integrated features including identity verification, anti-money laundering checks, and PEP and sanctions screening. Every landlord wallet is ring-fenced and provides individual protection under the Financial Services Compensation Scheme. LettsPay also covers the cost of Client Money Protect renewal for its customers. Users can authorize payments to landlords, contractors, and agencies 24/7 with two-factor authentication. The system works alongside existing CRM platforms to streamline workflows without requiring additional administrative staff as a portfolio scales. It prepares payments in the background, allowing agents to focus on approving work rather than manual processing. This setup ensures that client money remains segregated and compliant with current regulations while enabling instant payouts at any time.