High growth Bristol based utilities start-up The Bunch has agreed to work with StuRents, the UK’s largest student accommodation search platform, to provide users with all-inclusive utility packages directly through its site.
Founded by Bristol university student Elliott Herrod-Taylor in 2017, The Bunch consolidates household bills into one monthly payment for students, helping to ease the stress around bills whilst at university as well as granting individual liability for tenants – which means if one housemate doesn’t pay, the others aren’t responsible.
With an increased turnover year-on-year of 110 per cent since its conception, the Bristol-based business is experiencing a boom at 250 per cent growth, having completed a funding round of £900,000 in 2020.
Adding to a number of existing tenancy management services already integrated into the platform, the partnership will enable property managers and tenants using StuRents to take advantage of renewable electricity and carbon offset gas energy tariffs, as well as high-speed broadband and water.
Tenants will receive a single monthly bill comprising all the utilities commonly used by occupiers.
The new functionality adds to a broad range of services already available on the StuRents platform, including market-leading online contract signing and rent collection, referencing, deposit protection, and more.
Tom Walker, Director, StuRents, said: “The fact that both Glide and The Bunch offer sustainable energy tariffs was one of the key considerations for StuRents – we wanted to encourage our customers to make environmentally friendly choices with the help of our platform.
“In addition, both of our new partners will be able to offer competitively priced utility packages, which we expect to appeal to students. Introducing this new functionality will help eliminate the frustration often associated with handling multiple bills, making a transition to independent living a lot easier for many people.”
Elliott Herrod-Taylor, Founder, The Bunch, added: “The Bunch was set up precisely so that university students can better navigate the world of utilities, through the offer of more competitive prices and a simpler way of managing household bills. We are thrilled to be working with StuRents and hope our service will make a difference to the day-to-day lives of its users across the country.”