Payr, a London-based fintech startup, has raised £1.5 million in a seed round led by Ingenii Capital, with participation from Haatch, Velocity Capital, the British Business Bank and a group of strategic angel investors. It enables tenants and businesses to pay rent by credit card while landlords receive the full rent amount via standard bank transfer, without needing to onboard, integrate new systems or alter their workflows.
Rent is one of the largest recurring payments in the UK economy, yet it largely runs on traditional bank transfers. While consumers can pay for travel, groceries and taxes by card, rent has remained structurally locked to legacy payment rails. Payr has built what it describes as the first one-sided payments infrastructure that enables tenants to pay rent with their existing credit cards, while preserving the existing settlement experience for landlords.
Tenants increasingly expect flexibility, rewards and international usability across their financial lives, while property professionals have little incentive to adopt new payment tools when card fees and compliance constraints complicate the model. Payr’s solution removes that friction by allowing tenants to pay by card while landlords simply receive their rent as normal.
The funding will be used to expand integrations, deepen product infrastructure and accelerate distribution partnerships across the residential sector, as well as to support product development, team expansion and the strengthening of strategic partnerships.
Rent is one of the largest recurring payments in the UK, yet it still runs on legacy infrastructure. We’ve rebuilt the payment architecture so tenants gain flexibility and rewards, while landlords receive settlement exactly as they do today. This raise allows us to double down on what we know works: strategic partnerships, product-led growth, and a laser focus on improving the tenant experience.
The rent payment experience has long been outdated and inflexible. Payr has identified a clear market inefficiency and developed a solution that meets the evolving financial habits of modern renters. Their early traction and approach to distribution made this an easy decision for us to support.
This raise allows us to double down on what we know works: strategic partnerships, product-led growth, and a laser focus on improving the tenant experience. We’re grateful to our investors for backing the next phase of our journey.
