Simply Transfer In, a Bournemouth-based supplier of House Setup providers, has secured €7.6 million in a Sequence A funding spherical to rework how folks handle dwelling strikes and entry monetary providers.
The spherical was led by Eos Ventures, with participation from Wayra (the innovation arm of Telefonica), Second Century Ventures, and continued help from The FSE Group (by means of the South West Funding Fund). Present angels together with Simon Rogerson and Chris Hulatt, founders of Octopus Group, additionally took half within the spherical.
“We’re thrilled to have the help of such unbelievable traders as we increase our imaginative and prescient. With Eos Ventures’ experience in monetary expertise, we’re well-positioned to supply advanced providers delivered in an easy method, serving to folks all through their lives,” mentioned Ross Nichols, Co-founder.
Based in 2015 by Tom Previous and Ross Nichols, Simply Transfer In is the UK’s “largest supplier of House Setup providers“, providing a streamlined method to handle important providers like dwelling insurance coverage and broadband when shifting dwelling.
Since its final funding spherical in 2022, Simply Transfer In has skilled exponential progress, increasing its operations and is projected to course of over 400k dwelling strikes in 2025.
With the strategic backing of Eos Ventures, the brand new funding will assist speed up Simply Transfer In’s plans to evolve past dwelling strikes, increasing immediately into embedded monetary providers. This enlargement will simplify processes comparable to securing credit score and accessing a variety of insurance coverage merchandise.
In keeping with the corporate, whereas comparability websites supply selection, they usually create a fragmented and time-consuming expertise for customers. Simply Transfer In’s platform goals to streamline this course of, providing a single, user-friendly interface for managing a number of providers – from utilities to insurance coverage – eliminating the necessity for repeated information entry throughout varied web sites.
Simply Transfer In works with property giants like Openrent (the most important letting company within the UK) and Hamptons, however have added the likes of Alto (owned by Houseful, previously often known as Zoopla Property Group) and Anyvan as shoppers, too.
James Tootell, Companion at Eos Ventures, mentioned: “Simply Transfer In’s revolutionary strategy to combining dwelling providers with monetary merchandise represents the way forward for consumer-focused FinTech. Their outstanding progress, coupled with the flexibility to persistently broaden their service choices whereas sustaining industry-leading buyer satisfaction, showcases the workforce’s distinctive strategic imaginative and prescient and operational excellence. We’re thrilled to help Simply Transfer In as they increase their providers and proceed to help prospects navigate key life occasions.”
Constructing on its UK success, Simply Transfer In is setting its sights on changing into Europe’s first unicorn within the dwelling transfer and monetary providers sector.
“We’ve at all times believed in simplifying life’s most nerve-racking moments, and this funding spherical is a testomony to the impression we’ve made,” mentioned Nichols. “Our purpose is to be the companion folks flip to for all times’s greatest monetary selections, from their first transfer to their retirement dwelling.”
