Flemish property portal for the rental sector, Rentio, has received backing from Baloise Insurance, which has invested 1.3 million euros into the startup. Started by the founders of Zimmo, Rentio digitizes, centralizes, and automates everything that is involved in the rental process.
Peter Beullens, Stijn Roels and Jeroen Stalmans saw issues with the rental process within their country and decided to do something about it. Beullens explained:
"By having been a tenant ourselves and also a landlord for 15 years, we know the challenges and needs of the market. Jeroen and Stijn were also at the cradle of the real estate portal Zimmo.be and know the world of the real estate professional. With this knowledge and a team of developers, we launched Rentio at the beginning of this year. The current capital injection makes it possible to accelerate our sales and to continue to invest in the product."
On the investment, Noël Pauwels, Managing Director Baloise Insurance, said:
“The recent investment in Rentio fits perfectly with Baloise Insurance's strategy to build an ecosystem of innovative partners who make everything that comes with real estate simpler and more digital. As an insurer, we see our role as broader than just compensating damage. We want to respond to new needs in society. That is why we continue to invest in real estate start-ups. Moreover, by investing in these new digital markets, we not only continue to defend our market share, but we can also offer additional services through our distribution model of independent brokers. Rentio helps them to unburden tenants and landlords.”
Rentio plans to use the funding to boost expansion.