New Secure Rentals Marketplace Rently Launches in Singapore

Rently, a Singapore-based startup that blends finance and property technology, has officially launched its services in the city-state.

Currently positioned in the seed stage, the company has outlined plans to initiate a series A fundraising round in the first quarter of 2024, followed by ambitious expansion into other markets.

Established in 2022 by a team consisting of Dominic Schacher, Tarik Stafford, Siebren Kamphorst, Emeric Martin, and Turan Kutlay Kunbi, Rently distinguishes itself by offering deposit-free rentals through its innovative property management platform.

Rently lets users make secure bookings without any upfront costs, facilitated by the company's management of tenants' rental deposits. Aument Capital Partners supports Rently, affirming that its all-encompassing platform is designed to streamline every facet of the property rental process from listing and tenant acquisition to contract negotiations and ongoing support.

Dominic Schacher emphasized, "This platform covers everything, from searching for a place, moving in with automatic insurance coverage, to paying your deposit and rent, all in one place."

Rently places a significant emphasis on security and fraud prevention. To achieve this, the platform integrates Singpass, Singapore's national digital ID, ensuring that only verified users and properties gain access. Furthermore, Rently incorporates additional security measures in the verification process for landlords, incorporating credit and background checks.