New Zealand based classifieds giant Trade Me has announced a partnership with local PropTech firm Renti.
While Trade Me is the market-leading online rentals marketplace in the country, Renti is a 10 person company founded in 2019 that provides a platform for agents and property managers to streamline bureaucracy and paperwork around renting. This includes application processing, tenancy agreements and renewals and a viewing booking service.
From next month, Renti's agency customers will be able to integrate their application form for prospective tenants directly into Trade Me Property's mobile application.
The new partnership will mean that prospective Kiwi tenants will have integrated ID, credit checking, communications management, agreements, digital signing all in one place.
Renti’s Co-CEO, Claudia Smith, had this to say on the partnership:
“We’ve always admired Trade Me Property’s interest in and commitment to the rental industry and Trade Me Property’s values align very closely with ours. They were a natural next step for us and we’re incredibly pleased to have formed this partnership with Trade Me Property and look forward to developing some amazing new products together.”
Trade Me Property’s Head of Product, Glen Arvidson, commented.
"Trade Me recognised Renti as an ideal partner given their simple and easy processes, proven ability to innovate and create software that's intuitive to users."
The move not only brings fully online, one platform rentals for users that little bit closer but according to a Renti blog post, it will also involve the co-development of innovative new rental products.