British property rental platform Howsy has acquired national online letting agency Urban for an undisclosed sum.

Urban was founded in 2008 by Adam Male (LinkedIn profile). It merged with Emoov and Tepilo in May 2018 but when this new business combination went into administration in December, Male bought it back from the administrators, also for an undisclosed amount.

Howsy has moved quickly following its announcement last week that it had raised £5 million ($6 million U.S.) in a new funding round led by Skybound Capital and including existing investors.

Howsy provides an end-to-end property management service to landlords, from finding tenants to repairs and renewals, using smart technology that it claims is up to 70% cheaper than high street agents. The acquisition of Urban supports that by offering a fast self-service solution to find tenants.

“With so much focus in the property industry on the buying and selling market, the rental space is often overlooked,” said Calum Brannan, founder and chief executive of Howsy.

“Both businesses bring a different set of skills on which they’ve both built a great degree of success but by combining these, we are able to create a lettings powerhouse that will provide a complete and unrivaled offering to UK landlords.”


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