Rently Launches Deposit-Free Rentals and End-to-End Support in Singapore

Rently has officially launched in Singapore, introducing the city-state to its first-ever property management platform. At present, in the seed stage and gearing up for Series A funding in Q1 2024, Rently is set to reshape the rental landscape with its innovative approach to deposit-free rentals and comprehensive support.

Deposit-Free Rentals

Rently’s core innovation centers around the concept of deposit-free rentals, allowing users to secure a home with zero upfront costs, eliminating the financial burden of traditional security deposits. By managing tenants’ rental deposits on their behalf, Rently not only breaks down financial barriers but also streamlines the rental process, making it more accessible and convenient for the wider community. This marks the first of its kind in the Asia Pacific region.

Founders and Visionaries Behind Rently

Founded by five seasoned industry professionals – Dominic Schacher (Founder), Tarik Stafford (CPO), Siebren Kamphorst (COO), Emeric Martin (Head of Design), and Turan Kutlay Kunbi (CTO) – Rently emerges as a platform aimed at alleviating the financial strain on renters and safeguarding users against potential rental scams.

A One-Stop Property Management Platform

Blending finance and property technology, Rently transforms property management in Singapore by simplifying and accelerating the rental process. The platform uses technology to streamline everything from property listings and tenant acquisition to contract negotiations and support. By consolidating these critical elements into a single, user-friendly platform, Rently sets a new standard for speed, convenience, and efficiency in Singapore’s dynamic rental market.

Guarding Against Rental Scams

Rental scams have become a pressing concern in Singapore, with a sharp increase in cases. To combat this, Rently prioritizes safeguarding the rental process. Through seamless integration with SingPass, Singapore’s official national digital ID, Rently enhances security, ensuring the authenticity of users on its platform. The company employs a stringent verification process for landlords, incorporating reliable credit and background checks, diligent verification of financial information, and thorough tenant screening to provide an extra layer of protection against potential scams.

Strategic Backing and Future Growth

Backed by Aument Capital Partners, Rently is currently in the seed stage and will undergo Series A funding in Q1 2024. This funding will fuel the company’s plans to scale operations, expand its footprint in the Singaporean rental market, and explore opportunities in other geographies. As part of its strategic leadership, Rently proudly welcomes Dieter Schlosser, an experienced entrepreneur and investor, to its Board of Directors in January 2024. Dieter’s impressive track record includes building SoftwareOne into a billion CHF global software company and leading its IPO on the Swiss Stock Exchange.

Through his investment vehicles, 5I Ventures and Rozario Capital Management, Dieter is committed to scaling out several high-growth and high-performance tech companies.