What Hammock does

Hammock is a UK-based property finance platform that provides real-time bookkeeping, tax statement generation, and Making Tax Digital (MTD) compliance software for landlords. Its core technology uses Open Banking via Truelayer to connect to 50+ UK bank and credit card feeds, automatically reconciling rental income and property expenses against individual properties and tenants in real time. The platform is the first landlord-specific software recognised by HMRC as compatible with MTD for Income Tax Self Assessment, and it is registered with the FCA (No. 911254) for account information services. Companion products include the Hammock Current Account with prepaid Mastercard (via Prepaid Financial Services), a Credit Builder Service that reports rent to Experian, and dedicated sub-brands for accountants and letting agents.

Hammock monetises through tiered monthly or annual subscriptions priced per landlord portfolio size, ranging from £8+VAT/month for 1-3 properties (Basic) to £31.50+VAT/month for 21+ properties (Beyond), with annual billing offering a 20% discount. The company runs a dual go-to-market: a self-serve, product-led growth model via website registration with a 30-day free trial and native iOS/Android apps, supplemented by channel partnerships through UK accountants (with bespoke volume licensing) and letting agents (via Propertymark membership). Strategic technology and channel partners include Sage, Intuit QuickBooks, Truelayer, Stripe, and Experian.

The company is privately held and headquartered in Manchester (registered office), with founder Manoj serving as CEO. Investors include Aviva, Founders Factory, Fuel Ventures, Ascension Ventures, Force Over Mass Capital, and Second Century Ventures, with cumulative disclosed funding of approximately £7.6M including a £4M round in July 2022. Geographic operations are restricted to the United Kingdom, and the company's strategic positioning is anchored to the April 2026 MTD for ITSA mandate as a forced adoption catalyst.

Name

Hammock

Legal name

Hammock Financial Services Ltd

Website

https://usehammock.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Hammock is a UK property finance platform that provides landlords with real-time bookkeeping, SA105 property tax statements, and HMRC Making Tax Digital (MTD) compliance via Open Banking integrations with 50+ UK banks. It serves UK landlords, accountants, and letting agents through subscription plans and partner channels.

Ownership category

akta.pro rank

Product category

Property Finance and Accounting Software

NAICS

Nonresidential Property Managers (531312), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Rental and Leasing Services (532)

SIC

Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163), Finance Services (6199)

akta.pro primary industry

Home Equity Loan/HELOC Servicing & Subservicing (FSALAGAD)

akta.pro secondary industry

Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service) (FSAMAEAI)

Keywords

• Landlord accounting software
• Property finance platform
• Making Tax Digital software
• Open Banking reconciliation
• Rent tracking software

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Marketing or Sales, Personnel, Infrastructure, Operations

Revenue model

1. Subscription fees (landlord plans): Subscription-based pricing tiers priced per property portfolio size. Landlords pay a monthly or annual subscription. Annual billing offers 20% discount. Basic plan starts at £8/month for 1-3 properties; Plus plan at £25/month for 11-20 properties.
2. Subscription fees (accountant partner plans): Accountants receive volume discounts on landlord subscriptions. Bespoke pricing available depending on number of licences bought. Accounted for via sales outreach.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Hammock is a real-time property finance and accounting platform built specifically for UK landlords. It connects to landlords' personal and business bank accounts via Open Banking to automatically reconcile rental income and property expenses, generates live SA105 property tax statements, and is the first HMRC-recognised Making Tax Digital (MTD) software for landlords, enabling quarterly MTD filings directly to HMRC. The platform also serves accountants and letting agents via dedicated partner programs with bespoke pricing.

Product overview

Hammock is a unified property finance platform for UK landlords that combines real-time bookkeeping, property tax management, and investment insights into a single MTD-compatible solution. The core platform consists of real-time bookkeeping, property tax statements, and investment insights modules, with companion products including the Hammock Current Account with prepaid Mastercard, Credit Builder Services for tenants, and dedicated portals for accountants and letting agents. The platform integrates with 50+ UK banks via Open Banking (Truelayer), Sage, QuickBooks, and Stripe, and is FCA registered and HMRC-recognised as MTD-compatible.

Differentiator

Problem solved

Functional benefit

Products and services

• Hammock Landlord Software Real-time bookkeeping and property finance management software for UK landlords, providing automated reconciliation of rental income and expenses, SA105 property tax statements, MTD-compliant filings to HMRC, and per-property investment metrics. Available via web and mobile apps.
• Hammock for Accountants Dedicated portal for UK accountants and bookkeepers to manage multiple landlord client portfolios, access real-time financial data, and submit Making Tax Digital filings on behalf of clients. Includes bespoke volume pricing via direct sales.
• Hammock for Letting Agents

Quantifiable outcome

• Tax return preparation time reduced from 2-3 days to 30 minutes
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature7 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Walker & SutcliffeminorChannel Partner/ Reseller/ DistributorA Huddersfield-based chartered accountancy practice that has invested in Hammock to assist its UK landlord clients with digital accounting migration and MTD compliance. The firm aims to help clients prepare for mandatory Making Tax Digital requirements.
• SagecoreTechnology or IntegrationHammock has partnered with Sage, the leading accounting platform. The partnership enables accountants who already use Sage to access Hammock's landlord-specific MTD functionality. Sage announced the partnership in October 2022, enhancing its end-to-end solution for accountants serving landlord clients.
• PropertymarkcoreGTM or Marketing PartnerHammock is an industry supplier member of Propertymark, the UK's leading professional body for letting and estate agents. This partnership validates Hammock as a recommended tool for Propertymark members' landlord clients.
• Intuit QuickBookscoreTechnology or IntegrationHammock and Intuit QuickBooks deliver an integrated MTD for Income Tax solution. QuickBooks recommends Hammock as the software of choice to manage rental income and expenses, with a March 2026 article on the integration. The QuickBooks/Sage accountant network is referenced as a key partner channel.
• TruelayercoreTechnology or IntegrationTruelayer is Hammock's Open Banking provider, enabling read-only access to 50+ UK bank and credit card feeds. Truelayer is regulated and authorised by the FCA (Register No. 793171) for Open Banking services.
• StripecoreTechnology or IntegrationStripe is Hammock's payment processing partner for subscription management. Customer payments for Hammock's subscription services are processed monthly by Stripe.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Landlord Vision: UK-based landlord accounting software offering bookkeeping, tax statements, and MTD support. Directly comparable to Hammock in target customer (UK landlords), core feature set (property-level bookkeeping, tax filing), and pricing structure (per-portfolio subscription).
• FreeAgent: UK small business accounting SaaS (owned by NatWest) that serves freelancers and landlords with bookkeeping, invoicing, and tax filing. Comparable business model and geographic market to Hammock, with overlapping landlord use cases despite a broader SMB positioning.
• Stessa: US-focused landlord accounting and property management SaaS offering automated income/expense tracking, dashboards, and tax-ready reports. Closest international analog to Hammock in feature set, though US-only rather than UK.
• Baselane: US landlord banking and financial management platform combining rent collection, expense tracking, and bookkeeping. Comparable to Hammock's strategy of bundling landlord banking (Current Account) with property finance software.
• RentRedi: US landlord software combining rent collection, tenant screening, and accounting. Comparable in landlord-centric product breadth and subscription model, though focused on the US rental market.

Broad incumbents

• Sage: UK-founded global accounting SaaS incumbent serving SMBs and accountants. Hammock has a formal partnership with Sage (announced October 2022) where Sage resells Hammock as its landlord-specific MTD solution, indicating direct channel overlap and competitive tension.
• Xero: Global cloud accounting platform widely used by UK accountants and small businesses. Competes with Hammock for landlord accounting workflows, though it is general-purpose rather than landlord-specialised.
• Intuit QuickBooks: Global accounting SaaS incumbent with a formal MTD-for-landlord partnership with Hammock (announced March 2026). Competes at the general accounting layer but routes landlord-specific workflows to Hammock, making it both a partner and adjacent competitor.

Emerging players

• Countingup: UK business current account with built-in accounting software for sole traders and small businesses, FCA-registered. Comparable to Hammock's bundled banking-and-accounting approach, though serving broader SMBs rather than landlords specifically.
• Avail: Landlord software platform covering tenant screening, rent payments, and maintenance. Overlaps with Hammock's landlord operations functionality, especially in the letting agent channel, though primarily US-focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/usehammock
• Facebookfacebook.com/usehammock

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds4 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hammock