Rent is one of the largest recurring payments in the UK economy, yet it still largely runs on traditional bank transfers. Payr has raised $2.1 million in seed funding to alter that.
The round was led by Ingenii Capital, with participation from Haatch, Velocity Capital, the British Business Bank and a group of strategic angel investors. The funding will be utilized to expand integrations, deepen product infrastructure and accelerate distribution partnerships across the residential sector.
Arthur Greenwood, CEO and Co-Founder of Payr, stated, “Consumers can pay almost everything by card except the one expense that matters most. We’ve rebuilt the payment architecture so tenants gain flexibility and rewards, while landlords simply receive their rent as normal. No new systems, no operational friction.”
The problem Payr is addressing is both behavioural and structural. Tenants expect flexibility, rewards and international usability across their financial lives. At the same time, property professionals have little incentive to adopt new payment tools, particularly when card fees and compliance constraints complicate the model. Payr’s solution reshifts that friction by allowing tenants to pay by card while preserving the existing settlement experience for landlords.
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