Payr, a London-based fintech focused on recurring rent payments, has raised $2.1 million in a Seed funding round led by Ingenii Capital, with participation from Haatch, Velocity Capital, and several angel investors.
The company will use the funding to expand system integrations, strengthen product infrastructure, and accelerate distribution partnerships across the residential property sector.
What The Company Does
Led by CEO and co-founder Arthur Greenwood, Payr has developed what it describes as a one-sided payments infrastructure that enables tenants to pay rent using their existing credit or debit cards, while landlords continue receiving full rental payments via standard bank transfer.
The model is designed to operate without requiring landlords or property agents to adopt new systems, integrate additional software, or alter existing workflows. From the landlord’s perspective, rent is received as a traditional bank transfer, while tenants gain access to card-based payment flexibility, including rewards and improved liquidity management.
By maintaining compatibility with established banking processes, the platform seeks to reduce adoption barriers that often limit payment innovation in the residential rental market.
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Market Context / Industry Background
Rent remains one of the largest recurring expenses for households, yet payment methods in the residential sector have changed little over the past decades. While card payments have become standard across most consumer transactions, rent is still typically processed through direct bank transfers, limiting flexibility for tenants.
At the same time, property professionals often resist new payment systems due to concerns around compliance, transaction fees, and operational disruption. This creates a structural tension: tenants increasingly expect digital payment flexibility, while landlords prioritise simplicity and cost stability.
Fintech infrastructure models that preserve existing settlement workflows while introducing consumer-facing flexibility are gaining traction as a way to bridge this gap without requiring broad industry restructuring.
Founder / Investor Commentary
CEO Arthur Greenwood stated that the rent payment experience has remained largely unchanged despite broader advancements in digital payments. He explained that the company rebuilt the payment architecture to enable tenants to use cards for rent while ensuring landlords receive funds in the conventional format without operational complexity.
Michael Boocher, Managing Partner at Ingenii Capital, highlighted the scale of the residential rental market and described the opportunity as an underserved segment within financial infrastructure.
Growth Plans / Use Of Funds
The newly raised capital will support expansion of Payr’s integration capabilities, further development of its payment processing infrastructure, and the establishment of distribution partnerships within the residential sector. The company aims to broaden adoption among tenants while maintaining a frictionless experience for landlords and property managers.
By focusing on compatibility with existing workflows, Payr intends to scale within a rental market that values operational continuity while gradually modernising the tenant payment experience.
About Payr
Payr is a London-based fintech company enabling tenants to pay rent using credit or debit cards while landlords receive standard bank transfers without operational changes. The platform is designed to provide payment flexibility and rewards for renters while preserving simplicity and compliance within the residential property ecosystem.
