- Rently launched a zero-deposit rental platform in Singapore.
- The proptech startup aims to simplify property rentals.
- Rently plans a funding round and regional expansion in 2023.
Rently’s zero-deposit platform debuts in Singapore
Singapore-based property technology (proptech) startup Rently officially launched its services this week across the city-state, offering Singapore’s first zero-deposit rental platform.
Founded in 2022 and backed by early-stage VC firm Aument Capital Partners, Rently aims to streamline the entire property rental process through its end-to-end platform.
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Rently’s game-changing approach to apartment securing
Central to Rently’s model eliminates traditional rental deposits through corporate guarantees, allowing renters to secure apartments instantly without any upfront costs.
“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,” said co-founder Dominic Schacher. The company handles financial risk through additional landlord verification.
Rently plans Series A Funding and regional growth
Rently integrates Singapore’s national digital ID, Singpass, to prevent scams and verify all users and listings. With the public launch completed, Rently plans to raise a Series A funding round in Q1 2023 before expanding into other Southeast Asian markets later this year.
The proptech startup was founded in 2022 by Schacher, Tarik Stafford, Siebren Kamphorst, Emeric Martin, and Turan Kutlay Kunbi. The diverse group combines experience in finance, risk analysis, product design, and property management.
By eliminating traditional rental friction points, Rently aims to provide renters instant access to housing while giving landlords and agents seamless property management. The all-in-one proptech platform launched first in Singapore, with regional expansion plans in 2023.
