Buzzing into action...
Rently, a pioneering Singapore-based startup at the intersection of finance and property technology, has officially launched its innovative services in the city-state, marking its debut market entry.
Founded in 2022 by Dominic Schacher, Tarik Stafford, Siebren Kamphorst, Emeric Martin, and Turan Kutlay Kunbi, Rently is currently navigating the seed stage with plans to initiate a Series A funding round in the first quarter of this year, signaling a strategic move towards broader market expansion.
Rently’s distinctive offering revolves around deposit-free rentals facilitated through its cutting-edge property management platform. This platform empowers users to secure bookings without any upfront costs, a feature made possible by Rently assuming responsibility for tenants’ rental deposits.
The company’s comprehensive approach aims to streamline the entire property rental lifecycle, encompassing activities such as property listing, tenant acquisition, contract negotiations, and ongoing support.
Dominic Schacher, one of the founders, emphasized the platform’s breadth, stating, “This platform covers everything, from searching for a place, moving in with automatic insurance coverage, to paying your deposit and rent, all in one place.”
In a commitment to security and fraud prevention, Rently integrates Singpass, Singapore’s national digital ID, ensuring only verified users and properties gain access to its platform. Additionally, stringent security measures, including credit and background checks, fortify the verification process for landlords.
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By Proptechbuzz
By Ravi Kumar
