Steady Secures a $500 Million Facility to Democratize Access to Institutional Grade Financial Solutions
Summary
Steady secured a $500 million facility to expand its Rent Advance product nationwide. The platform serves residential property managers and property owners with financial solutions that reduce nonpayment risk and provide upfront rental income. Steady says the new capital will help it scale its technology and widen distribution through its property management network. The company also disclosed a previously unannounced $5.9 million seed round backed by fintech and strategic investors.
Funding
Amount
$500.0M
Total raised
Date
May 25, 2022
Announcement date
Investors
Waterfall Asset Management, Fintech Ventures Fund, Silicon Badia
Lead investors
Company
steadyrent.com
Funded company
Classifications
industries
Hospitality
applications
No applications detected
AskAI Classifications
Labels
Property Management Software
Insurance Technology
Workflow Automation
Linked Companies
Steady Rent
$1M to $5M