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Student lettings platform Resooma launches bills splitting service

Formerly called University Cribs, the lettings company is moving into utility bills and fintech with its latest product.

Nigel Lewis

A student lettings platform has launched a service that will enable tenants to pay their utility bills at the same time as their rent.

Cardiff-based Resooma, which until recently was known as University Cribs and launched in June 2017, will enable tenants to set up their utility bills at the same time as they sign up for a tenancy online, and split the bills evenly between tenants.

“No more arguments because Tom didn’t pay for his share of the internet bill,” says co-founder Jack Jenkins (pictured, below).

“Our solution will track utility payments, aim to source the cheapest deals for our customers and then automatically issue each of the housemates one single bill each month for their share.

“The existing processes, much of which remain offline, are a mess and the numbers of people who have to experience them is climbing rapidly.

“With more people living in shared accommodation post University life, we aim to appeal to a time constrained user base that want instant gratification from the products and services they use. We’re building a solution for generation rent.”

Although primarily aimed at the UK’s student population, the company’s new name reflects its desire to follow its customers after they graduate, particularly as many face years, and maybe even a lifetime, in the private rental sector.

The company also recently announced that it is to eradicate viewings with virtual reality tours, saying that students and young professionals are time sensitive, often nomadic in choosing where they work and live and that its platform needs to reflect this.

February 21, 2019

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