🙌This week’s edition is brought to you by…

The UK’s Most Important PropTech Expo & Conference returns To ExCeL London

Building on the tremendous success of the inaugural edition, The 2nd Annual London PropTech Show will once again provide an incredible experience for participants over the course of 2 days encompassing top-notch product demonstrations from hundreds of exhibitors, unrivalled content from world-class speakers and ample networking opportunities with influential ministries and leading professionals from:

Residential, Co-working Spaces, IoT, Construction Technologies, Building Materials, Fintech, AI, Retail, Logistics, Electrification Infrastructure, Professional Services, and other key sectors.

• Contact:

  Nabil Eldin, Sales Manager - London PropTech Show

  [email protected] 

  +44(0)7490404011

📰 Highlights

• Redaptive - energy efficiency-as-a-service - raises $125M

• Realm - renovation planning platform for homeowners - raises $9.7M

• Kiki - subletting startup - raises $6M Seed

• Rent Butter - tenant screening solution - raises $3M Seed

• Agave - API for construction software - raises $2.9M Seed

• Metroc - project finder for GCs and suppliers - raises €2M Seed

• Jitty - property search engine - raises $2M Pre-Seed

• Pirros - architectural drawing set management platform - raises $2M Seed

• Allume Energy - rooftop solar startup - raises $1.5M

• Vecindapp - PMS - raises $250K

• 🌟PropTech Star of the week: Wicket uses facial recognition to streamline the access control, payment, and user experiences for venues, stadiums, and corporate facilities.

🌟PropTech Star of the week: Wicket

Wicket offers an advanced facial authentication platform designed to enhance security and streamline the guest experience for venues and stadiums. The platform not only automates the access control process, but also enables guests to pay with their facial profiles. By allowing fans to link tickets to their facial profiles and replacing traditional IDs with selfies, Wicket provides a seamless entry, guest, and employee process.

What do we like?

• Seamless & automated: The process of linking tickets and payments to facial profiles ensures a smoother experience, eliminating the hassle of physical tickets/cards and reducing crowd risks. According to their website, Wicket reduces ingress lanes by 75%. This also reduces the liability in selling alcohol to minors via ID verification.

• Enhanced security: Replacing IDs with selfies minimizes the chances of fraud or misuse, especially scalping.

• Increased accountability: With the credentialing feature, venues can easily manage who gets access to specific areas, ensuring the right people are in the right places. This not only increases safety, but also reduces operational costs in staffing.

  

What are the risks? 

• Data privacy: Wicket needs to ensure robust data protection measures, especially facial data. One data breach and the business could be at risk.

• Adoption rates: Some users might be hesitant to adopt new technology or might face challenges while navigating it. If venues see a reduction in attendance as a result of enforced technologies, they may reconsider adopting wicket.

• Sensor dependent: Hardware can always become a point of failure. In areas with poor coverage or damaged hardware, software services like wicket may not functional properly.

  

Overall

Wicket is a great solution to an operational problem. Venues, facilities, healthcare, education - each of these locations require ticket, ID, or other physical forms of access. In this day and age, dealing with physical items that can be lost, stolen, or damaged adds to the operational costs of an organization.

Hardware dependent solutions like wicket will need to optimize for hardware compatibility in scenarios where customers want to utilize existing hardware. Hypothetically, if end users reject the facial profile technology, there may be a reluctance from wicket’s customers to further adopt it’s solutions.

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