"Arrival pitches itself as a one-stop shop for the grimly familiar ritual of moving house, bundling contracts for utilities into a single onboarding flow that takes under three minutes to complete."
"The platform promises to guarantee the cheapest tariff available on each utility and charges a flat £12.99 management fee, contrasting with the complex billing structures renters face."
"On the business-to-business side, Arrival saves letting agents and build-to-rent operators an average of 90 minutes of administrative time per property, offering a managed rent collection service that is up to four times cheaper than rivals."
"Rent arrears are estimated to cost UK landlords more than £470 million a year, a figure that has steadily crept upwards as cost-of-living pressures have squeezed tenants."
Arrival, a London-based fintech, has raised £500,000 to streamline the utilities market for renters. The platform consolidates multiple contracts into a single onboarding process that takes under three minutes. With 4.6 million privately rented households in England, the service addresses the high churn and administrative burden faced by tenants. Arrival guarantees the cheapest utility tariffs and charges a flat management fee. It also offers significant time savings for letting agents and landlords, addressing the growing issue of rent arrears costing UK landlords over £470 million annually.
Read at Business Matters
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