Flatsed

The AI tenant account
for the UK's £81B rental market.

An £81B rental market still running on listing portals.

Tenant-first rental platform · UK April 2026
01 / 20
Executive summary

Tenants find homes faster.
Landlords pay less. Agents close more.

Flatsed turns rental search into a guided decision and a reusable tenant account.

For tenants

  • Faster search
    Personalised shortlists from real behaviour, not endless browsing.
  • No-stress decisions
    Area, commute, bills, layout and rights surfaced before any viewing.
  • One reusable account
    ID, right to rent, affordability and tenancy history verified once, re-used every move.

For landlords & agencies

  • Cheaper
    Outcome-linked success fee, paid only on signed tenancies.
  • Pre-qualified tenants
    Checks done before the enquiry hits the inbox.
  • Less duplicated admin
    Reapit, Street.co.uk and any CRM integration on the roadmap.
£81B UK rental market
1.57M new tenancies / year
£900K → £15.5M invest → year-1 revenue (2% of the market)
02 / 20
About

Built by renters. For renters.
Flatsed in four sentences.

Tenant-first rental platform built by Bumble engineers who lived the London renter problem.

Who we are Five-person team — Bumble engineering leadership plus rental-market operators. Founded by Andrew Lukin (CEO) and Veta Velikhova (Product). London-based.
What we do Turn rental search into a guided decision and a reusable tenant account. Match · Compare · Get ready · Rent · Move again — in one place.
How we do it Personalised search learned from real swipes, saves and rejects. Listings enriched with area, bills, layout, rights and other public sources. ID, right to rent and affordability captured once.
Who it's for Tenants making a £20K+ decision — young couples, families, dog owners, students, remote workers. Plus landlords and agencies.
And for the landlords and agencies who sign them — paid only when a tenancy starts.
03 / 20
Founder story

We built Flatsed because renting in London wasted months of our lives.

Andrew and Veta kept running into the same problems: poor filters, misleading layouts, hidden trade-offs, duplicated listings, and wasted viewings. Renting is hard the first time, barely easier the second — and today's platforms make it worse.

Misleading space Flats marketed as two bedrooms where one room was too small to work as a real bedroom.
Unknown area fit Area, commute, parks, gyms, shops, and daily life were hard to judge before travelling.
Repeated properties Rejected or already viewed homes kept coming back into the search.
Unknown rights Tenancy rights, notice periods, and deposit rules were buried in legalese — hard to find before signing, harder to enforce after.
04 / 20
Problem

Rental platforms are built around listings,
not tenant decisions.

Tenants make one of their biggest monthly financial decisions with incomplete, inconsistent, landlord-first information.

Search is shallow

  • Filters miss real needs: space, pets, commute, bills, parking, and lifestyle fit.
  • Homes are hard to compare across layout, area, total cost, and practical daily life.

Decision quality is low

  • Deal-breakers are often discovered only after travelling to viewings.
  • Rights, documents, maintenance, move-in, and move-out remain fragmented.

Same checks, every time

  • ID, right to rent, payslips, and employer letters re-uploaded for every agency, every move.
  • Tenant credentials live scattered across agency inboxes — never a portable, reusable account.
Renters spend £20K+ a year on housing — plus hundreds more on failed viewings, lost deposits, and repeated checks.
05 / 20
Why the system fails

The same broken information flow creates work for agents too.

Agents lose hours qualifying enquiries that never sign — over phone, email, and viewings — and start over for the next listing.

When Andrew and Veta moved out, the agent could only describe the flat in generic, by-the-listing words — so Andrew ended up showing the property to incoming tenants himself, instead of the agent.

The missing property context

  • Rooftop access — never made it into the listing.
  • Real area context: parks, gyms, shops, commute.
  • True monthly costs: utilities, parking, council tax.
  • Lived-in details that decide whether you stay.
  • Repeat tenant questions agents had no way to answer.
06 / 20
Why now

The problem was clear in 2020.
The tech just caught up.

Andrew and Veta have been working on Flatsed since the 2020 rental shock.
The four shifts below only fully converged in the last 18 months.

AI matches behaviour, not filters

Behavioural matching from real tenant decisions — swipes, saves, and rejections — finally beats keyword filters.

Rents claim more of the budget

UK rents keep rising — now a significant share of household income. Bad decisions hurt more than ever.

Agencies are overloaded

Letting teams want efficiency tools that qualify tenants before the manual chase begins.

Renters expect accounts

Banking, travel, and healthcare moved to one-account experiences. Renting still hasn't.

The team that owns the tenant relationship can compound preference, property, and tenancy data over time.
07 / 20
Solution

Flatsed turns rental search into a guided decision and a reusable tenant account.

Tenants build a preference profile, get a ranked shortlist, qualify once, sign through Flatsed, and carry that account into every next move.

Match Long-term rental supply, designed around agency and CRM integrations — Reapit and Street.co.uk first.
Compare Area, commute, layout, bills, and rights side by side — before any viewing.
Get ready ID, right to rent, affordability, and employment status — captured once.
Rent Viewing, signing, deposit, and tenancy documents in one flow.
Move again The account follows the tenant — every next rental starts ahead.
From search to signed tenancy in one account — and again, next time.
08 / 20
Product

Raw listings become matches
tenants can actually trust.

Flatsed enriches listings, learns from every swipe, save, and reject,
then turns fragmented rental data into matches that fit real life.

Match game

Tenants swipe, save, and reject homes so Flatsed learns what fit means beyond price and bedroom count.

Enriched listings

Commute, crime, noise, schools, pubs, bills, floor area, layout, pet fit, rights, and practical trade-offs added to raw listing data.

Extended filters

Search by how people actually live: pets, family needs, remote work, parking, outdoor space, affordability, and commute.

Not more browsing. Better matches from richer data and real tenant behaviour.
09 / 20
Live product · flatsed.com

Your renting life,
in one place

Smarter search. Verified reviews. Complete rent management.

House in Battersea, London
3 bed · 2 bath
Shelgate Road, SW11
KFH 4.7 (128)
£2,500 pcm ↓ 8%
Find your match 3 / 10
Pet-friendly
House in Battersea, London
3 bed · 2 bath · £2,500/mo
✕ Skip
♥ Like
4.2
Based on 47 reviews
Landlord
4.1
Condition
4.5
Value
3.8
Neighbourhood
4.7
Sarah K.Tenant
★★★★★
"Lovely flat, lots of natural light. Landlord responsive."
Daniel P.Viewer
★★★★
"Great location and modern fit-out. Bathroom needs a refresh."
Your current home
Westferry Road, E14
Rent£1,950/mo
Lease ends15 Sep 2026
AgentFoxtons
StatusActive
⚠ Report an issue
💬 Chat with landlord
✓ Documents verified

Search & Discovery

More filters than any other platform. Personalised results that learn what you want.

Find & Book

Swipe to discover your style, then book viewings directly — no calls needed.

Verified Reviews

Real reviews from verified tenants and viewers. Know exactly what to expect before you sign.

Live & Manage

Rent management, maintenance requests, documents, and area insights — all in one place.

10 / 20
Inclusive by design

A rental product built for the UK
as it actually lives. EU is next

Accessible for disabled users, multilingual for non-native speakers, and adaptable to different household types and living needs.

Accessibility

Designed for disabled users — keyboard navigation, screen-reader support, and step-free product flows.

Multilingual support

Translated onboarding, tenancy guidance, and rental rights for non-native English speakers.

Household and life fit

Built for different family structures, pets, remote work, accessibility needs, and ways of living together.

🎯 Our mission is to make renting more affordable to enter and less stressful to live through.

More renters should find a place that genuinely works for them — that is the point.
11 / 20
Agency value

Agencies get better-qualified tenants
and less duplicated admin.

Flatsed simplifies agency workflows
while preserving the tenant-first experience.

Outcome-linked commercial model

Designed around success fees paid on signed tenancies — exact pricing under pilot design with first agency partners.

Reusable checks

Identity, right to rent, affordability, and employment status in one tenant account.

Listing-readiness services

Photos, EPC, deep cleaning, and property prep so listings convert faster.

Tenant fit decided before the viewing — fewer wasted calls, more signed tenancies.
12 / 20
Business model

Free for tenants.
Paid by successful rental outcomes and platform services.

The model aligns tenant adoption with agency value and future rental lifecycle services.

Outcome-linked agency fees Success fee: 30% of the first month's rent, minimum £300. ~£500 average per signed tenancy in London. Materially below the 8–15% of annual rent industry standard.
B2B services Optional services for agencies and landlords around operations and readiness.
Lifecycle services Tenant services only where they align with tenant value.
Deposit-free pathway Long-term financial products once data and trust are strong enough.
13 / 20
Pricing

Rightmove charges to list.
Flatsed charges only when tenants sign.

Rightmove
Model Monthly subscription per branch.
Cost ~£1,314 / month average.
Annual ~£15,800 / year — fixed, regardless of outcome.
Paid when Always — even if no tenancy is signed.
Trend +6–18% per year. £1.5bn legal claim filed by agents.
Flatsed
Model Success fee per signed tenancy.
Cost £0 / month. No subscription.
Annual ~£15,000 / year — only if 30 tenancies sign.
Paid when Only on signed tenancies.
Trend Pilot pricing fixed with first partners.

The Negotiator, Rightmove agent fees Letting Agent Today, 2025 fee hikes Landlord Knowledge, £1.5bn legal claim

14 / 20
Market opportunity

£81B UK rental market,
fragmented across portals and inboxes.

4.7M England PRS households (EHS 2024-25).
£81B Paid to UK private landlords in 2025 (Savills).
~3 yrs Average tenancy length, rising (DPS, April 2025).
~1.1M London PRS — highest churn, highest rents, highest agent density (EHS 2024-25).
An £81B-a-year market, millions of households, still fragmented across portals and inboxes. That is the gap.

EHS 2024-25, Ch.1 Savills, UK Housing Costs 2025 DPS, Apr 2025 ONS, UK PRS 2025

15 / 20
Competition

Portals own listing distribution.
Flatsed owns tenant decisions.

Current portals
Goal Distribute listings.
User model Generic search with alerts.
Data Listings and leads.
Workflow Ends at the enquiry.
Moat Traffic and brand.
Flatsed
Goal Help tenants decide and rent.
User model Reusable tenant account.
Data Tenant decision signals.
Workflow Built end to end.
Moat Tenant relationship and decision data.
16 / 20
Compounding advantage

Four loops that compound over time.

As Flatsed processes more tenants, postcodes, and signed tenancies, each loop builds reusable account and decision data that simple listing search does not produce.

Preference graph

Every save, reject, and viewing sharpens the personal preference vector and improves matching for similar tenants.

Property & area context

Verified tenant reviews, area trade-offs, bills, layout, and lived-in feedback accumulate per postcode.

Reusable tenant account

Checks, documents, rights, and tenancy history become reusable — every next move starts ahead of the previous one.

Agency integrations

Reapit and Street.co.uk integrations open the path for supply and signed-tenancy outcomes to feed ranking, qualification, and workflow over time.

Switching cost: tenant history, preferences, and documents persist across moves — leaving resets the process.
Data advantage: matches improve with every rejection and signed tenancy. Features can be copied; this gets harder to copy as it accumulates.
17 / 20
Progress

Where we are today.

Flatsed LLC is incorporated, the founding team is in place, the core flatsed.com platform is built, and we are preparing to open it in private beta with the first tenants.

Company & team

Flatsed LLC incorporated. Founding team of five — engineering leadership from Bumble plus rental-market operators.

Core system ready

flatsed.com built on production infrastructure: search, swipe-based discovery, comparison, and tenant accounts — preparing for private beta.

Mobile in build

iOS and Android clients in active development alongside ongoing platform and behavioural-matching work. ETA 1.5 months.

Agency conversations

Pilot agencies identified; onboarding the first London partners and CRM integrations over the next 4–6 weeks.

Built and incorporated. Next milestone: private beta with first tenants and agency pilots.
18 / 20
Revenue at scale

30% of the first month.
The UK market does the rest.

The UK Private Rented Sector (PRS) produces ~1.57M new tenancies per year
(4.7M England PRS households ÷ ~3-year average tenancy)

£250M £200M £150M £100M £50M £0 £15.5M 2% 31K tenancies / yr £39.5M 5% 79K tenancies / yr £78.5M 10% 157K tenancies / yr £157M 20% 314K tenancies / yr £235.5M 30% 471K tenancies / yr UK market share of new signed tenancies per year · annual revenue at £500 average per signed tenancy
£900K invested → £15.5M annual revenue at 2% UK market share.
19 / 20
Team

Bumble engineering meets the UK rental market.

Andrew Lukin Founder & CEO. Engineering Manager at Bumble.
Veta Velikhova Co-founder. Product and tenant insight; lived the London renter problem firsthand.
Pavel Dobrovolsky CTO. Lead Engineer at Bumble.
Yuriy Egorov Head of Engineering. Lead Mobile Engineer at Bumble.
Dmitriy Aronin Agency relationships and UK real-estate operations.
Ask

Raising
£900K for 12 months.

Use of funds

  • £300K — Marketing & London tenant demand
  • £200K — CEO
  • £150K — CTO
  • £150K — Head of Mobile
  • £88K — Legal & UK lettings compliance
  • £12K — Infrastructure

Goal: prove repeatable London acquisition and the first signed tenancies.

Pre-seed. Looking for a lead investor.

20 / 20