RentPae serves the deposit and rental payment needs of tenants by giving upfront rent to their landlords and providing a credit facility to pay in installments during the month with a two-week grace period if they miss payments or face hardship.
"RentPae", provides an alternating lending solution in the residential rental ecosystem from its proprietary platform that streamlines the rental payments and property management processes for B2C and B2B customers in a quick, easy, and cost-effective manner.
RentPae allows tenants to pay deposits and rent in installments at their convenience during the month with key products:
1) RentPae Deposits - A Consumer Installment Loan
The deposit product replaces a huge upfront rental deposit and provides an option of a partial deposit, with the remaining spread over the next few months based on leasing tenure.
2) RentPae Credit - A Replenish Line of Credit (Structured like a credit - charge card)
The product will reduce dependency on credit cards, and personal or payday loans as you have enough cash during the month to meet your short-term needs with a quick turnaround time for approval.
3) RentPae - Landlord Management Portal
For landlords, RentPae’s management portal is an end-to-end service that encompasses everything from the virtual tenant vetting process to collecting rental payments.
We directly work with tenants to avail our product and partner with landlords to improve their cash flows.
The Company is founded by a finance professional who hails from previous entrepreneurial ventures and recently added a co-founder who previously ran a fintech credit startup.
The credit product is structured under regulatory compliance to compete with traditional cards while offering consumers a new way to pay for a living.
The SaaS platform is deployed and in beta testing to acquire initial customers. Here is the
demo video of the platform.
We have unique algorithms and a proprietary model for approvals.
We will develop a data-driven AI model for credit underwriting and portfolio management based on their financial behavior, which gives an edge for future competition.
We grow, we evolve, and we adapt.
The Overall residential rental market is a $174.2B market with a transaction volume of $485B.
Based on 2800 sample population survey responses and assuming data accuracy of 70%, the Overall Serviceable operating market - is $3.4B (approx.)
We are looking for $600k in total pre-seed money either in SAFE or Convertible Notes.
These pre-seed funds will allow us to offer the product to 200 tenants and 100+ landlords, as the only product service complete residential rental ecosystem.
Please find the attached
Deck and
Video for reference.
Contact Me: Abhinav Jain or Nischay Madappa
[email protected][email protected]www.rentpae.com
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