“Flatmin” Launches - An online service for shared living

“Flatmin” Launches - An online service for shared living management

Wellington, March 21st 2011

A new internet-based tool for managing shared living (“Flatting”) has launched today in Wellington, New Zealand. It is free for Students or anyone sharing a home, and allows users to manage their Utility Bills, Rent, and send “IOU”s to one another.

“Basically, we found that money was coming between our good friends a lot” says Flatmin Co-Founder, Jared Armstrong (a Computer Science Student at Victoria University until last year). “We wanted a way that people could make sure the bills get paid - not a note on the fridge that would get lost, or everyone relying on a single member of the flat to sort everything.”

Flatmin is also backed by Nicholas Wakelin and James Nisbet, young serial entrepreneurs themselves. “Jared came to us with the idea last year” says Nisbet “and it was something we needed for our own flats, so we helped him build it”.

The company is currently funded by the founders, and plans to remain free to students, with revenue coming from advertising and sponsorship from providers and services. Future plans include listing “Chores” and expansion into the rental search market.

Flatmin’s Launch Promotion - “Tell us your Ultimate Flatting Story” - with prizes from Orcon Internet (http://orcon.net.nz) and Powershop (http://powershop.co.nz) is starting today via the company’s Facebook page (http://www.facebook.com/Flatmin).

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