Latin American PropTech Aptuno Adds New Products

January 25, 2022
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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.

- Rent Advance loan (Rent Lease Discounting): Whenever there is an ongoing rental contract managed by Aptuno the landlord can apply for instant liquidity using the expected contract cash flows as a guarantee. The company says that with this product it can advance as little as 15 days and as much as 10 months.
- Vacancy Loan: Many landlords live from rent and even having a vacant apartment for 1-2 months can put a significant dent in their monthly income. To solve this problem Aptuno lends the landlord up to 80% of the monthly rental price at a 0% interest rate. When the property gets rented out, the debt balance is paid in 12 instalments over the course of the first year of the contract.
"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.

January 25, 2022
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

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