Rent2Cash, a Rome, Italy-based rental advance platform for landlords, raised 3m in pre-seed equity and debt funding.
Backers were not disclosed.
The company intends to use the funds to expand operations, acquire new contracts, expand its product development efforts, including new products across the commercial building sector.
Founded in 2023 by Gianluca Fioranelli, Yilang Chen e Marco Grassi, Rent2Cash provides a platform which enables landlors to obtain immediate liquidity on their future rental fees. Rent2Cash provides landlonds up to 36 future monthly rental fees, also handling the collection stage, and offering dedicated support. Rent2Cash leverages a proprietary algorithm taking into consideration over 50 criteria in order to examine all the features of the location, from the renting contract to the owner and the tenant.
In conjunction with the funding, the company has started working across Italia with the acquisition of the first contracts which will be funded through a securitization operation supported by Banca Finint.
FinSMEs
02/07/2024