Arrival

UK-based PropTech and fintech startup Arrival has successfully raised a £500,000 Pre-Seed funding round led by early-stage venture capital firm Fuel Ventures.

Summary of transaction details:

• Value: £500,000 (Pre-Seed)
• Sector: Fintech / PropTech
• Advisor: Not disclosed
• Key Entities: Target: Arrival; Lead Investor: Fuel Ventures; Key Founders: Harry Hanlon, Rosie Kirk
• Location: Crawley, UK

Note: Arrival is building the financial infrastructure to streamline the notoriously inefficient UK private rental sector. For tenants (B2C), the platform acts as a one-stop shop, cutting the agonizing multi-hour process of setting up utilities (gas, electric, water, internet, council tax, TV licence, and rent) down to under three minutes, while guaranteeing the cheapest tariffs for a transparent £12.99 monthly management fee. For property operators and landlords (B2B), Arrival saves an average of 90 minutes of administrative time per property and offers a highly cost-effective managed rent collection product designed to drastically reduce the UK's £470m+ annual rent arrears problem. With a target of reaching one million units under management by year-end, the company will use this capital to scale partnerships, particularly in the rapidly growing Build-to-Rent (BTR) sector.