Rentd is said to be one of the UK’s most innovative full-service lettings platforms.
Rentd has acquired 77% (or £349,661) of its £450,001 target via its crowdfunding campaign carried out via Republic Europe. The fundraising effort is closing soon and contributions have been received from 153 investors at the time of writing. Located in London, United Kingdom, Rentd says that it operates in the SaaS (software-as-a service) / (platform as a service) PaaS (Digital B2C) sectors.
Incorporated back in January 2021, the firm’s investment summary is as follows: Type Equity; And valuation (pre-money) of £8.3M; Equity offered: 5.14%; Share price of £3.07; Tax relief; EIS
Business highlights for the European firm are as follows:
Rentd is focused on transforming the rental journey. The firm says that it is “removing friction in largest financial transaction.” Rentd added that it is focused on “creating a new cross border rental eco-system.”
It’s said to be the United Kingdom’s first start to finish lettings platform.
Key features are the following: Secondary Market; Nominee investment min. £21.49 +; Direct investment min. £50,000.00 +.
At Rentd, they aim to support a new ecosystem in the traditional rental market.
While technology has made its way into residential rentals, Rentd’s technology “enhances the ease of transactions, allowing for nearly autonomous interactions.”
Their platform significantly eases “the rental process, removing the daily hassles faced by tenants and landlords alike.”
Rentd has explained that it charges landlord’s “a fixed fee of £799 inc VAT representing a 72% gross margin.”
Rent also mentioned that they “charge a management fee of £49 including maintenance, rent collect and compliance services to our landlords.”
Notwithstanding a commission of 15% “for landlord insurance purposes.”
They will reportedly aim to offer a fixed fee of 1799 AED in Dubai “representing a 75% gross margin.”
They also claim to generate a monthly management fee “of 250 AED including maintenance, rent collect and compliance services to their landlords.”
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