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£650,000 for Proptech firm that streamlines lettings utility bills

A PropTech firm that simplifies utility billing, with the aim of reducing property management effort by letting agents, has received £650,000 investment in a new funding round. 

One Utility Bill simplifies the billing process for a range of utilities, streamlining property management processes for agents and landlords. 

It bundles gas, electricity, water, internet, media subscriptions and TV licenses into a user-friendly monthly bill, enabling users to split bills without having to speak to individual utility providers. 

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It is used by some 400 agents across the UK and has 25 employees and 10,000 tenant customers. 

The company also has working partnerships with Sky TV & Broadband, Virgin Media, Octopus Energy, Spark Energy and others. 

The £650,000 funding round was led by Jeremy Middleton CBE family office Newcastle-based Middleton Enterprises, with principal investment from Pi Labs, the London-based property tech start-up specialist.

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