A Yorkshire tech firm that allows students living in shared accommodation to divide their household bills has been sold.
Split The Bills was founded in 2011 by Ashley Tate and specialises in helping students pay their household bills, aiming to make shared-living easier for its customers while providing households with 100% green energy.
The company has now been sold to fellow Sheffield business UniHomes for an undisclosed sum.
UniHomes is a leading student accommodation platform, that helps students find somewhere to live when they go to university.
The business, founded in 2015 by Phil Greaves, Bradley Cox and Luca Mori, last year helped 160,000 students find accommodation and has 14,000 houses advertised on its site.
The acquisition means UniHomes will now be able to continue to service its customers after they move into their property by handling their bills.
Phil Greaves, co-founder of UniHomes, said: “Our goal is to become synonymous as the go-to accommodation portal for students, providing the best choice of available properties with the added bonus that bills are included. Our vast network of letting agent partners recognise the power of our offering. Adding UniHomes to an agent’s list of portal partners opens the market up to them considerably and, even better, we’re completely free of charge to agents’.
"2020 has been a challenging year for everyone, this acquisition would not have been possible without the hard work and dedication of the teams in both businesses. I’m very proud of what we have achieved over the past 5 years. With the addition of Split The Bills, we look forward to the next chapter of our journey and we’re very excited for 2021!”
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Following the deal Split The Bills founder Ashley Tate will remain in the business as a minority shareholder. The acquisition brings UniHomes' headcount to 50.
UniHomes is currently expanding across the 海角视频 and plans to be operating in more than 40 海角视频 cities by the end of 2021.