Rome-based Rent2Cash closes €3 million to launch rental advance platform for property owners
Summary
Rent2Cash, an Italian startup bringing rental advance services to landlords, offering upfront payouts of up to 3 years’ rent, raised a €3 million pre-seed round and launched operations in Italy. The funds will be used towards the acquisition of the first rental contracts, product and feature launches, in particular in the commercial property sector, and the consolidation of its technology platform. “This funding round is a stamp of credibility for our business model and validates our vision and execution to date,” explained the founders of Rent2Cash Gianluca Fioranelli, Yilang Chen and Marco Grassi. The idea behind our project is to redefine the perceived value of a building by transforming a rental contract into immediate liquidity for the owners in a market that is estimated at over €30 billion a year in Italy alone and $2.5 trillion worldwide.” Among other things, the Italian startup plans to expand VAULT, its proprietary algorithm. VAULT can already analyse over 50 variables to examine the state of the property, the rental agreement, the owner and the tenant’s scoring, offering clients dynamic and personalised pricing.
Funding
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