Piñata raises $13 million to transform the rental landscape
Summary
Proptech startup , the largest rewards and credit building membership program for renters, announced today it has raised $13 million in Series A funding led by real estate- and proptech-focused venture firm Wilshire Lane Capital. The funding comes amid Piñata’s massive 1100% year-over-year growth as of January 2022, while also widening its audience of rental users and property management company partners. Piñata is democratizing credit access for renters and putting thousands of dollars back in their pockets every year. Members can earn rewards for everyday goods and services and exclusive discounts from leading brands, totalling thousands of dollars a year in savings. “Renters, who are increasingly Millennials and Gen-Z, are accustomed to being rewarded with ‘points’ with everything else in their lives – from flights and hotels, to movies and restaurants.