Tech Pitch: Movem
Founded by one of our Young Entrepreneurs to Watch in 2017, meet the rental review platform that's on a mission to make renting transparent and efficient...
Company name: Movem
Founder: Peter Ramsey (24)
Background: Ramsey taught himself basic web development and created the first Movem site. He was at university when he founded Movem and dropped out to pursue it full-time.
Based in: Brighton
Launched: Initially June 2013, then relaunched in May 2017
Very simply, what does your tech start-up do?
- Movem is a review platform for tenants to review their rental experiences.
- Tenants build up their own rental profile, including recommendations from previous landlords and agencies.
- Movem Passport (the rental profile) includes the most comprehensive instant tenant reference ever, which verifies income and previous rental payments directly with the tenant's bank.
Tell us why there’s a need – what do you disrupt?
Firstly, there’s a need for more transparency in the industry. Not just transparency for agencies, but for landlords and tenants too. Nobody trusts anyone, and Movem wants to repair that.
Secondly, referencing can take weeks, and slows down the whole application process. Movem is instant, and saves everybody time and money. We wanted Passport to actually improve the renting experience.
Is Movem funded?
Yes, in total we’ve raised more than £750,000, recently crowdfunding more than £400,000 on Crowdcube – £100,000 over our target.
What were you doing before you started Movem?
I was at university finding reasons to not go to lectures. My desire for more efficient procrastination even led to me becoming a DJ in Bournemouth’s biggest nightclub. I was terrible.
Prior to that, I was always coming up with business ideas and making websites. For example, in the days before I understood internet piracy I made a website on which people could share and distribute music and movies. I shut it down at the age of about 16, because we were getting some traction and I got worried.
What’s the best thing about being based in Brighton?
Brighton is awesome, except that when I’m on Skype people can always hear the seagulls. It’s got the atmosphere of London, without, well, the atmosphere of London.
To learn more about starting a business in Brighton, take a look at our start-up guide to the town.