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The Singapore-based fintech startup aims to enable no-deposit rentals to streamline the entire asset rental process, paving the way for a safer and more effective experience.
SINGAPORE, Jan. 16, 2024 /PRNewswire/ — Rently, a Singapore-based fintech startup envisioned to redefine the real estate industry, officially announces its launch in Singapore. Currently in the seed phase and in preparation for Series A investment in the first quarter of 2024, Rently’s key innovation lies in the convenience of its no-deposit hygiene that allows users to rent a home with no upfront costs, eliminating the monetary burden of security deposits. By managing a tenant’s rental deposits on your behalf, Rently not only reduces monetary barriers for tenants, but also streamlines the sanitary process, making it more available and convenient for the community at large, the first of its kind. in Asia-Pacific.
Founded by five experienced industry professionals; Dominic Schacher, Founder, Tarik Stafford, CPO, Siebren Kamphorst, COO, Emeric Martin, Head of Design, and Turan Kutlay Kunbi, CTO, Rently stands out as a platform that helps ease the monetary burden for both renters and users. potentials. risks. Rental scams.
A Single Platform Transforming the Future of Asset Management
By combining finance and real estate generation, Rently is transforming asset control in Singapore by making renting easier and faster, employing generation to streamline everything from tenant registration and acquisition to contract negotiations and Array. By consolidating those must-haves into a single user. Rently, a user-friendly platform, not only simplifies the complexities of asset control, but also sets a new standard in speed, convenience, and power in Singapore’s dynamic rental market landscape.
“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.
Protection Against Rental Scams
Rental scams have continued to increase in number and are now an alarming fear for those looking to rent in Singapore. Marked by an alarming increase in housing rental scams facilitated through online platforms, with an increase of more than 400% from 192 cases in 2021 to 979 cases in 2022, according to Singapore’s Ministry of Home Affairs and Ministry of Social and Family Development.
To address this issue directly, Rently actively prioritises safeguarding the rental process, formally implementing robust measures to protect against scams. Through a seamless integration with SingPass, Singapore’s official national digital ID, Rently enhances its security, ensuring the authenticity of users on its platform.
The asset control company uses a rigorous vetting procedure for landlords, offering an extra layer of coverage against potential scams through reliable credit and background checks, financial due diligence, and a thorough evaluation of tenants. With a focus on accepting as faithful and transparent, Rently’s goal is to set a new standard for safe and reliable real estate transactions in Singapore’s rental market.
Siebren Kamphorst, COO and co-founder of Rently, explains the company’s security strategy: “In an effort to reshape the way leases and landlord-tenant disputes are handled, we wanted to offer an asset control platform that uses generation to provide our customers with the highest level of security, making real estate transactions as smooth as possible.
Taking Rently to the heights
Backed by Aument Capital Partners, a multifamily that caters in particular to the desires of serial entrepreneurs. Rently is lately at the initial level and will execute Series A financing in the first quarter of 2024 to expand its operations and develop its presence in the Singapore rental market and expand into other geographies.
As part of its push for greater strategic leadership, the company proudly announces the appointment of experienced entrepreneur and investor Dieter Schlosser to its Board of Directors in January 2024. Dieter previously held the position of CEO of SoftwareOne, building it to a billion CHF global software company and leading the company’s IPO on the Swiss Stock exchange. Through his investment vehicles 5I Ventures and Rozario Capital Management, he is currently working towards scaling out several high-growth and high-performance Tech Companies.
About Rently
Founded in 2022, Rently Pte Ltd is a Singapore-based real estate fintech startup that offers no deposit rental answers through its exclusive Rently Care subscription and asset control facilities through the Rently app’s stock feature. Rently offers the flexibility to list all tipos. de homes and aims to link prospective tenants with landlords, agents, and businesses in a safe and effective way. Rently ensures that the asset rental procedure is smooth, secure, and effective. Rently is also a subsidiary of REFIN Group Limited. For more information, visit www. rently. sg and the Rently app is available for download on Google Play and the App Store.
For more information, www. Rently. sg.
Appendix – Co-Founder Profiles
Dominic Schacher, founderDominic is a seasoned money professional with a proven track record in banking and investments. He has a deep understanding of money products and markets and has demonstrated skills in strategic planning, threat control, and leadership. As a venture capitalist, Dominic has noticed the many startups in the ancillary generation sector looking to innovate in an industry fraught with non-streamlined legacy workflows. Passionate about combining generation and finance in outdated processes, he then sought to make the necessary adjustments himself, through Rently. He holds a CFA and an MSc in Accounting, Finance and Management from the University of Bristol.
Tarik Stafford, Co-Founder, CPO Driven by his penchant for creating beautiful, functional, and impactful virtual products, Tarik has forged his own path as a self-taught iOS developer. Over the course of more than five years, he has honed his professional skills, turning exclusive concepts into truth through a combination of creativity, technical acumen and user-centered design. Throughout his career, Tarik has only written code, but also stories of entrepreneurial good luck. A wonderful example of this is the tech startup Rently, which he created from scratch. With Rently, Tarik is reinventing the real estate landscape, combining asset generation and control to offer an intuitive, transparent and easy-to-use platform.
Siebren Kamphorst, Co-Founder of COOM With an unwavering commitment to doing things the right way, Siebren is driven through the perspective of generation to create transformative impact. With a strong focus on people, it approaches companies with a specific attitude, leveraging generation to forge meaningful results. connections and drive positive change. His purpose is to propel Rently into a thriving business that not only embraces the generation, but also makes a meaningful difference in the lives of others.
Emeric Martin, co-founder and design director. Emeric’s expertise is in product design. With a background in commercial design, she has honed her skills in UI/UX design, interaction design, and branding. Emeric was a design lead at money generation company MAJORITY, where he helped create an online bank for immigrants in the U. S. , which now has more than 100,000 active paying users. Emeric’s decision to sign up for Rently stems from his confidence in the transformative perspective of prop generation. Inspired by Rently’s project to revolutionize the rental experience, he sees an opportunity to bring his expertise to bear to create a cohesive and attractive product.
Turan Kutlay Kunbi, Co-founder & CTOTuran is a seasoned professional with a keen understanding of the latest technological advancements, notably in the realm of artificial intelligence (AI). Poised to steer organisations through the complexities of the digital age, Turan’s career has been marked by a deep commitment to the pursuit of innovation and technology. Earning him a track record of successfully transforming technical visions into tangible business outcomes. Additionally, Turan is able to strategically leverage AI and machine learning for operational optimisation and innovative business strategies. His adept integration of emerging tech trends reflects a balanced approach, prioritising both technical feasibility and business viability, ensuring that technology acts as a catalyst for growth and efficiency.
Dieter Schlosser, Board MemberDieter worked his way up as an apprentice in Daimler-Benz AG as an apprentice in 1982 to General Manager before embarking on his role as Global CIO, Vice President IT of DKSH in 2005. In 2009, he was the VP of Operations (Group IM) for BHP Billiton and served as Global COO and Member of the Executive Board from 2012 to 2018 before being appointed as Chief Executive Officer of SoftwareOne. He currently works to help scale high-growth, high-performance Tech Companies through his investment vehicles – 5I Ventures and Rozario Capital Management and is also an Investor and Chairman of the Board of @Web Inclusion GmbH.
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SOURCE Rental