The company behind renting app Movebubble has opened an operation in Manchester following build-to-rent giant Quintain’s decision to take a 10% stake in the business last month.
Movebubble claims that ‘thousands’ of letting agency branches across London have already signed up to the service including corporates JLL and CBRE as well as many independents. The company also says the service is popular with agents because it offers an alternative and more affordable marketing platform compared to the big property portals.
The app is free for tenants to use, currently offers over 25,000 properties to rent in London and has been downloaded over 100,000 times on Google Play.
It acts as a lead generator and viewings organiser for letting agents and enables tenants to rate an agent’s service via a star system.
Movebubble now hopes to replicate its success in Manchester, which after London is one of the UK’s busiest build-to-rent and private rental markets. Part of the Quintain investment in Movebubble is to help fund the expansion of its separate build-to-rent app for operators in the market, as well as the accelerate the business overall.
“The latest round of investment from Quintain has enabled us to take Movebubble UK wide,” says its CEO Aidan Rushby (left).
“Manchester has seen huge changes in the property sector over the last few years, and many of our partners are developing purpose-built homes for renters there.”
Charlotte Malone, Business Development Director at JLL, says that: “Movebubble’s innovative app technology allows JLL to connect and deliver a seamless service to the next generation of renters.”