Proptech startup DAX Ventures raises $1.2M in seed funding round

Proptech startup DAX Venture is diving into the newly developing proptech sector in Malaysia. Recently, the startup announced that it has ended a seed funding round for its subsidiary RentDAX, with RM 5 million (approximately US$1.2 million)

The company is co-founded by successful fintech entrepreneur Chang Chew Soon who served as the Group CEO of Soft Space and Timothy Hor a former General Manager of iProperty.

Timothy shares that rentDAX’s goal is to make renting easier, safer, and hassle-free for both landlords and tenants.

He further elaborated that landlords in their platform will enjoy protection provided under their rentProtect scheme that is powered by Tune Insurance.

Tenants are carefully screened using their proprietary rentDAX scoring algorithm which is built upon the standard credit checks such as CTOS and CCRIS.

Echoing Timothy’s points Chew Soon shares that at the core of it, the startup’s goal is to connect good tenants with good landlords, regardless of race, nationality, or religion.

With this newly launched platform Chew Soon shared that landlords can sign up on rentDAX and easily upload their properties for rent using only their mobile phone and connect to tenant who match their requirements.

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