Economy, Banking and Finance · 10 March 2026
Payr secures $2.1 million seed funding to modernise UK rent payments via credit cards.
Exam-focused facts from the 10 March 2026 current affairs briefing.
Key facts
- London-based fintech Payr raised $2.1 million in seed funding led by Ingenii Capital with participation from Haatch, Velocity Capital, British Business Bank and strategic angel investors.
- Payr enables UK tenants to pay rent using existing credit cards while landlords continue receiving payments through standard bank transfers without registration or software changes.
- The UK rent payment market targeted by Payr is estimated at $165 billion annually.
- Fresh capital will be used to strengthen payment infrastructure, expand product integrations and build partnerships across the residential property ecosystem.