Procure Smart

What Procure Smart does

Procure Smart Limited is a UK-based B2B Third-Party Intermediary (TPI) that helps businesses switch and manage utility and payment services across six categories: business energy (gas and electricity), business water, renewables, business waste, business telecoms, and card payment services. Founded in 2015 and headquartered in Sunderland with a regional office in Manchester, the company serves SMEs, large enterprises, energy-intensive industries, and charities through a hybrid go-to-market combining expert-led consultations by Procurement Solutions Managers with a proprietary self-serve digital platform, Switch Savvi, launched in 2024, that enables online comparisons and digital contract completion. A second proprietary product, SmartVu (launched 2025), provides real-time multi-site energy and carbon monitoring.

The business is built on a commission-based revenue model: Procure Smart earns a share of customer spend (e.g., approximately 1p/kWh on energy) directly from utility and service suppliers when a customer enters into a supply contract via the company's referral. Pricing is not direct-to-customer for most service lines, with commissions disclosed in microbusiness contracts and Switch Savvi processes prior to signature. The company maintains a panel of relationships with leading UK energy suppliers (British Gas, E.ON, EDF, Octopus Energy, Scottish Power, Shell Energy) and other providers across verticals, and holds membership in the Energy Consultants Association.

Operationally, Procure Smart is a private limited company (Procure Smart Limited, CRN 14426752) with 11–50 employees, no disclosed external funding rounds, no parent company, and no subsidiaries. Strategic partnerships include the Science and Technology Facilities Council (STFC) and a multi-channel marketing mix spanning SEO, content marketing via its Smart Hub blog, organic social (Facebook, LinkedIn, YouTube), email, industry events, and Trustpilot-driven social proof. Leadership consists of Managing Director Craig Shields and Head of People Victoria Walton; no broader management team or AI/ML capability is disclosed.

Name

Procure Smart

Legal name

Procure Smart Limited

Website

https://procuresmart.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Procure Smart is a UK-based B2B Third-Party Intermediary that helps businesses switch and procure utilities — energy, water, waste, telecoms, and card payments — plus renewables projects, earning commission from supplier referrals through expert sales and its proprietary Switch Savvi platform.

Ownership category

akta.pro rank

Product category

Business Utility Procurement

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Compliance, Risk & Supplier Due Diligence (KYC/ESG/Sanctions) (BPAAAJAK)

Keywords

• Business energy procurement
• Utility cost management
• Energy brokerage services
• Renewable energy consulting
• Card payment solutions

Headquarters

HQ city

Sunderland

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Commission from Utility Suppliers: Procure Smart earns commission payments directly from utility providers (energy, water, telecoms, waste suppliers) when a customer enters into a supply contract via their referral. Commission is calculated as a proportion of the customer's consumption/spend and is included in the supplier prices offered. The company also earns introduction payments or commissions from providers of Value Added Services.
2. Commission on Card Payment Services: Similar commission-based model applies to card payment services referrals, where the company earns commission for referring customers to card payment service providers.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Procure Smart is a UK business utility procurement broker (Third-Party Intermediary) that helps businesses compare, switch, and manage contracts across energy, water, waste, telecoms, card payments, and renewables. The company combines a proprietary self-serve platform (Switch Savvi) with expert-led Procurement Solutions Managers who provide personalized account management, contract negotiation, and end-to-end administration. Revenue is generated via commissions from suppliers for each successful customer referral, with no direct customer fees for most service categories.

Product overview

Procure Smart is a B2B business switching and procurement service provider, not a software product company. Their offering is a portfolio of procurement services organized around a core proprietary platform (Switch Savvi) for energy contract switching, supplemented by the SmartVu energy monitoring tool. The core services span six utility categories: Business Energy (including fixed-rate, variable, green, and pass-through contracts), Business Water, Renewables (solar PV, PPAs), Business Waste, Business Telecoms (VoIP, mobile, broadband, SIP), and Card Payment Services. The PPA Savings Calculator is a free tool supporting the renewables service. Services are delivered through expert consultation and the Switch Savvi digital platform, with commissions earned from supplier referrals.

Differentiator

Problem solved

Functional benefit

Brands

• Switch Savvi: Procure Smart's proprietary online platform for comparing and switching business energy contracts with transparent pricing and quality protection.

Products and services

• Switch Savvi Procure Smart's proprietary online platform enabling businesses to compare and switch business energy contracts digitally, with full quality protection, instant quotes, and no hidden fees.
• SmartVu Energy monitoring and management dashboard providing real-time energy usage and carbon data across multiple sites with drill-down capabilities into specific systems, areas, or equipment.
• Business Energy Procurement service for business gas and electricity, including fixed-rate, variable, green energy, and pass-through contract options, with full administration of the switching process.
• Business Water Water procurement service following 2017 market deregulation, including usage analysis, bill analysis, surface water drainage audits, and trade effluent negotiations.
• Renewables Turnkey renewables project management covering feasibility studies, funding options (CAPEX and PPAs), and installation of solar PV and other renewable technologies.
• Business Waste Waste management procurement including collections switching, recycling and equipment provision, waste reporting, food waste consultancy, electronic waste disposal, and confidential shredding.
• Business Telecoms Telecoms procurement covering mobile voice and data, cloud-based solutions, SIP trunking, fixed line telephony, broadband, and VoIP solutions.
• Card Payment Services Card payment procurement including face-to-face payments (portable, fixed, mobile terminals), online payments (eCommerce, Hosted Form, API Integration, Shopping Cart plugins), terminal care packages, and mail order telephone payments.

Quantifiable outcome

• Customers could save up to 30% in consumption in the first 12 months utilizing SmartVu energy monitoring
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Science and Technology Facilities Council (STFC)coreStrategic or Co-development PartnerProcure Smart has a dedicated partnership page 'Smarter Support for STFC' indicating a strategic relationship to provide business switching services to STFC staff and operations.
• UK Energy Suppliers (Panel)coreChannel Partner/ Reseller/ DistributorProcure Smart works with a panel of UK's leading energy suppliers including British Gas, E.ON, EDF, Octopus Energy, Scottish Power, Shell Energy, and others to provide business energy contracts through their referral service.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bionic: UK-based business utility comparison and switching platform serving SMEs with energy, telecoms, insurance, and payment services. Closest direct competitor to Procure Smart's Switch Savvi offering and overall multi-utility TPI model.
• Ylem Energy: UK Third-Party Intermediary specialising in business energy procurement and contract management. Comparable in scale and customer segment to Procure Smart's core energy brokerage activity.
• Love Energy Savings: UK business energy and utilities comparison platform offering switching services across gas, electricity, water, and telecoms. Directly comparable TPI/broker service for UK SMEs.
• Switch Gas and Electric: UK business energy comparison and switching service targeting SMEs and larger commercial customers. Comparable TPI model with multi-supplier panel access.
• Stark: UK business energy and utility broker operating as a TPI across energy, water, telecoms, and insurance for SMEs and larger businesses. Direct competitor in the same TPI intermediation model.

Broad incumbents

• Utility Warehouse: UK multi-utility provider bundling energy, broadband, mobile, and insurance for households and small businesses. Overlaps with Procure Smart's multi-utility positioning but at a different scale and go-to-market.
• Crown Gas & Power: Established UK business energy supplier with in-house brokerage and contracting capability. Comparable in serving UK commercial energy customers, though operating as supplier rather than pure intermediary.

Emerging players

• Selectra: UK energy and telecoms comparison and switching platform with both consumer and SME offerings. Comparable in the digital comparison/PLG motion that overlaps with Switch Savvi.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ProcureSmart/videos
• Facebookfacebook.com/ProcureSmartOfficial
• LinkedInlinkedin.com/company/procure-smart

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Procure Smart