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17th October 2018

Shieldpay awarded Innovate UK grant to transform real estate deals

Shieldpay, the secure payments provider, has been awarded an Innovate UK grant.  

The funding will be used to scale up Shieldpay’s Third Party Managed Account (TPMA) solution in the UK and lay strong foundations for Shieldpay to expand into the global real estate market.

In May this year, Shieldpay successfully completed the UK’s first fully digital real estate transaction with MyHomeMove and Barclays, with the support of the Council for Licensed Conveyancers and other industry stakeholders. The solution also enables parties to complete on transactions at anytime from anywhere, that includes completing a house purchase on a weekend or bank holiday.

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