- Rently partners with The Working Capitol and Smart City Kitchens.
- This allows businesses to allocate resources more effectively towards growth.
- Rently, founded in 2022, is now seeking series A funding to fuel further expansion.
Singapore-based startup Rently, which combines finance and property tech, has recently expanded into two new verticals just two months after its launch.
The company has formed strategic partnerships with co-working hub The Working Capitol and ghost kitchen services provider Smart City Kitchens.
These collaborations enable Rently to offer its customers, including startups, solo entrepreneurs, and SMEs, access to workspaces and culinary hubs without the burden of upfront costs.
Efficient resource allocation
Ben Gattie, founder and CEO of The Working Capitol, expressed his enthusiasm for the initiative, stating, “This initiative marks a shift in how our members can now allocate their resources more effectively towards the growth of their businesses.”
By eliminating the need for upfront costs, Rently’s partnerships allow businesses to focus their resources on expansion and development rather than being tied down by traditional rental agreements.
Rapid growth and funding
Founded in 2022 by Dominic Schacher, Tarik Stafford, Siebren Kamphorst, Emeric Martin, and Turan Kutlay Kunbi, Rently officially launched its services in January 2024.
The company’s rapid expansion into coworking and cloud kitchens demonstrates its commitment to providing innovative solutions for businesses in Singapore.
Rently is now setting its sights on raising a series A round by the first quarter of this year, which will further fuel its growth and enable the company to expand its offerings.
At its launch, Rently introduced deposit-free rentals, handling tenants’ rental deposits on their behalf. This unique approach to rental agreements has already garnered attention from the business community, and the company’s latest partnerships are expected to solidify further its position as a leading player in the proptech industry.
As Rently continues to innovate and expand, it is poised to transform the way businesses approach rental agreements and resource allocation in Singapore and beyond.
To read the original article in its entirety: https://www.techinasia.com/singaporebased-rently-expands-commercial-real-estate
