Rently, a Singapore-based proptech startup offering deposit-free rental solutions, has raised $3 million in a Pre-Series A round led by impact investor Orange Bloom, with participation from Hustle Fund, Woh Hup, Feedback Ventures, and 5i Ventures.
The round values the company at $43 million.
Founded in 2022, Rently allows tenants to move in without upfront security deposits through its Rently Care subscription while ensuring landlords receive full rental payments via Rently Pay, even if tenants default or pay late.
The platform also offers a fully managed service covering property listings, contracts, maintenance, and insurance.
The company plans to use the fresh capital to scale operations in existing markets, localize its platform for Hong Kong and two other Asian cities, and double the size of its product and data teams.
Rently recently expanded into the UAE and expects to close its Series A fundraising by the end of 2025.
Asia’s rental market, estimated at over $250 billion annually, remains dominated by traditional deposit systems and manual processes.
Rently’s tech-driven, asset-light model aims to modernize the sector, offering flexible, transparent solutions in line with evolving urban lifestyles.
Orange Bloom’s investment highlights growing venture interest in sustainability-focused and socially impactful startups.
Rently’s backers said the oversubscribed round reflects confidence in the company’s business model and its potential to reshape the region’s rental market.
Rently is a subsidiary of REFIN Group Limited.
Business News Asia