Estate agency portal operator OnTheMarket (LON:OTMP) is taking a 20% stake in property tech firm Glanty Ltd for £797,000.

Glanty has developed teclet, an automated portal for the lettings sector. This should help lettings agents to be more efficient and comply with regulatory requirements, as well as providing access to relevant documentation for all parties. The plan is to offer the teclet portal to OnTheMarket clients. This will provide OnTheMarket with an additional attraction compared with its rivals Rightmove and Zoopla.

Teclet has been on the market since 2016. It generates revenue...