Colombian Rentals Marketplace Aptuno Gets $1.9M in Seed Funding

March 23, 2021
Share this Post: 

The Colombian end-to-end rental marketplace Aptuno has received a reported $1.9 million in funding. Participating in the round were investors such as FJ Labs and SquareFoot founder Johnathan Wasserstrum as well as some notable names in the world of real estate including Property Finder CEO Michael Lahyani, VivaReal co-founder Brian Requarth and Online Marketplaces' own Simon Baker.

Aptuno operates in a Colombian rentals market which is particularly inefficient, suffers from a lack of trust and regularly sees vacancies of up to six months. Prospective tenants in Bogotá and Medellín can search through listings, be pre-approved and sign a contract through Aptuno's platform.

The company reportedly plans to use the money raised to develop technology that improves its service, specifically financial risk machine learning models designed to analyse contracts and applicants with the aim of further reducing the number of transactions that require a third-party guarantor.

Aptuno is one of a new generation of end-to-end rental companies seeking to bring rental transactions online and offer solutions around third party guarantors and tenant screening. Operating with similar end-to-end models in the region are companies such as Homie in Mexico as well as AoCubo and the Softbank-backed unicorn Quinto Andar in Brazil.

March 23, 2021
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 1454624438
U.S. Portal Operator OJO Labs Acquires The LEAD Syndicate

The U.S. PropTech operator OJO Labs has announced that it has acquired The LEAD Syndicate, a provider of teach solutions...

Read More
Onthemarket Employees
OnTheMarket PR Push Continues with Agent Signups and Roadshow

The UK's number three portal OnTheMarket (OTM) is definitely ramping up its PR in the early months of 2024 with...

Read More
Product Roundup 13March24
Product Roundup: FangDD, Yandex, Redfin, Realtor.com, Keyper, OneDome and MagicBricks

Another week, another big product roundup for portals and proptechs worldwide. Here's what we've spotted...   FangDD shares soar 80%...

Read More
Proptechfundingroundup060324
PropTech Funding Roundup: Cove, FOIP, EasyKnock, GoFlint, Rukita

While the average value of this week's proptech fundraising roundup hovers around the $3M mark, one of today's featured startups...

Read More

Editor's Pick