Rently Debuts in Singapore, Offering Deposit-Free and SingPass-Verified Rentalsby Fintech News Singapore January 17, 2024
Rently, a proptech startup in its seed stage, announced that it has officially launched in Singapore. This launch precedes the company’s anticipated Series A fundraising set to occur in Q1 2024.
The proptech’s deposit-free rental platform encompasses all aspects of property management from tenant acquisition and listing to contract negotiations and support.
Founded by Dominic Schacher, Tarik Stafford, Siebren Kamphorst, Emeric Martin, and Turan Kutlay Kunbi, Rently aims to alleviate the financial burden for renters and provide a safeguard against the increasing trend of rental scams in Singapore.
In line with this, Rently incorporates robust security measures into its platform including rigorous landlord verification and the integration of SingPass, Singapore’s official digital ID, to ensure user authenticity.
Supported by multi-family office Aument Capital Partners, Rently shared that it has plans for expansion in its operations and geographical reach.
In preparation for its growth plans, Rently has appointed Dieter Schlosser to its Board of Directors who is known for his leadership role in SoftwareOne and its successful IPO.
“Our goal is to make renting property hassle-free by creating the first-ever seamless end-to-end property platform. 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.
Our aim is not only to simplify the process but also to enhance safety. By leveraging Singpass, we ensure that only verified users and properties are allowed onto our platform. This approach helps eliminate the stress associated with handing over deposits to unknown individuals, providing assurance that the rental transaction is legitimate.”
said Dominic Schacher, Founder of Rently.
“Setting out with the aim of reshaping the way tenancy agreements and landlord-tenant disputes are handled, we wanted to provide a property management platform that uses technology to protect our clients with the highest level of security, making property transactions as seamless as possible,”
said Siebren Kamphorst, COO and Co-Founder of Rently.