UK fintech company Arrival has raised £500,000 in a pre-seed funding round led by venture capital firm Fuel Ventures.
Arrival was founded to simplify household utility bill payments and offer the best tariffs. The platform, which guarantees the cheapest tariff and consolidates all payments, operates on a £12.99 management fee.
For B2B operators, Arrival claims it saves an average of 90 minutes per property on utility management and offers the cheapest managed rent collection product – up to four times more cost-effective than alternative providers.
The company is targeting one million units under management by year-end and intends to use the £500,000 funding to accelerate growth, specifically in the build-to-rent sector.
Harry Hanlon, founder of Arrival, said: “We founded Arrival because the system for managing household utilities is fundamentally broken and exploitative. Tenants are currently wasting critical time – nearly half a day every month – and are often paying thousands more than necessary by remaining on expensive, default tariffs. We built Arrival to solve this exact problem, offering a comprehensive solution that takes under three minutes to set up and guarantees the cheapest tariff, giving renters control back and eliminating life admin worry. This funding is crucial for scaling our platform faster and accelerating strategic partnerships, especially within the rapidly growing build-to-rent sector.”
Mark Pearson, founder of Fuel Ventures, added: “Arrival is addressing a clear and costly inefficiency within the UK private rental sector. The team has demonstrated strong early traction by offering a solution that delivers clear, tangible value to both tenants and property operators. With a deep understanding of their customers’ needs, Arrival is well-positioned to transform how household finances are managed. We are excited to support the team as they continue to scale the platform.”
