Flemmish Rental Startup Rentio gets Backing to Support Expansion

December 13, 2020
Share this Post: 

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.

December 13, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

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

Rightmove Opt 1
Rightmove Appoints Former Just Eat MD, Matthew Bushby as Its New CMO

British market leader Rightmove has announced the appointment of Matthew Bushby as its new Chief Marketing Officer. Bushby joins the...

Read More
Shutterstock 603344765
Casai Merges with Fellow LatAm Short Term Rentals Specialist Nomah After Job Losses

The Mexican short-term rentals marketplace operator Casai has merged with its Brazilian counterpart Nomah. Existing investors including a16z and Monashees...

Read More
Shutterstock 147091049
REA India Sidesteps Agents with Country's First User Subscription Service - 'Housing Premium'

The REA India-owned real estate portal Housing.com has announced the launch of a new user subscription service that aims to...

Read More
North Media Posts Q2 Financial Results—BoligPortal on Track

North Media, the media group and operator of Danish Portal BoligPortal, released its Q2 2022 financial report, with results "as...

Read More

Editor's Pick