Latin American PropTech Aptuno Adds New Products

The Colombian headquartered end-to-end rentals specialist Aptuno has announced the launch of two new financing products designed to bring liquidity to the often slow process of renting an apartment in the region and win over landlords to its model.

"These products are possible thanks to our proprietary data models that allow us to double down on our initial credit and vacancy risk assessment and thus turbocharge the value proposition to owners and continue delivering our mission of bringing liquidity and efficiency to the home rentals market." Aptuno co-founder Alejandro Gómez de Greiff told OnlineMarketplaces.com

The release of the two new financing products comes hot on the heels of Aptuno's announcement of a fresh seed funding round of $5 million from investors including the founders of fellow Latin American PropTech, La Haus as well as Shaun di Gregorio, CEO and founder of Frontier Digital Ventures and Michael Lahyani, CEO of PropertyFinder.

Founded in Bogota in late 2019 Aptuno is looking to update how house hunters rent property in the region with its end-to-end solution. Broadly similar in its model to runaway Brazilian success story Quinto Andar, Aptuno uses technology to verify listings, pre-qualify prospective tenants, deal with paperwork and process transactions. Like many Colombian PropTechs, the company also operates in Mexico, where it launched operations in September 2021.