SINGAPORE, May 13, 2025 /PRNewswire/ -- Rently, a Singapore-based prop-tech platform that lets tenants rent deposit-free while paying landlords on time every month, has closed a US$3 million Pre-Series A led by impact investor Orange Bloom. Hustle Fund, Woh Hup, Feedback Ventures, and 5i Ventures re-upped in the round, which values Rently at US$43 million.

Following this success, Rently is now targeting the close of its Series A funding round by the end of the year, positioning itself to further expand its market footprint and accelerate product development.

Rently: Redefining the Asian Rental Market

Founded in 2022, Rently is now establishing in the UAE and will enter Hong Kong this year. The long-term rental market across Asia is worth more than US$250 billion annually and largely still relies on security deposits and manual processes. Rently is transforming the industry through technology and innovative solutions such as:

• Zero deposits, zero friction – Tenants subscribe to Rently Care and move in without locking up two months' cash.
• Guaranteed income – Rently Pay ensures landlords receive the full rent on the due date, even if a tenant pays late or defaults.
• Fully managed – The Rently app covers listings process, contracts, maintenance and insurance in one seamless platform.

Nikesh Kshirsagar, Co-Founder of Orange Bloom, said, "Rently isn't just another tech startup, it has a deep understanding of future lifestyle trends, strategic corporate partnerships, and a world-class tech platform that simplifies the rental process for users. Orange Bloom firmly believes that Rently is positioned to reshape the rental market, creating efficiencies while integrating responsible, sustainable housing solutions. The co-founders, Dominic, Siebren, Tarik, Emeric, and Kutlay, have done an excellent job assembling a talented, forward-thinking team where innovation thrives. We look forward to being part of Rently's exciting journey ahead."

Fund Allocation and Growth Plans

With the proceeds from the Pre-Series A round, Rently plans to accelerate its expansion strategy by scaling Rently Pay across its existing markets, ensuring more landlords benefit from guaranteed, on-time rental income. The company will also localise its platform to support market entry into Hong Kong and two additional Asian cities. To support this development, Rently is also doubling the size of its product and data teams to ensure the platform can scale efficiently.

Dominic Schacher, Co-Founder of Rently, expressed his enthusiasm for the next phase of growth, stating, "We are thrilled to welcome Orange Bloom as our strategic partner. Their investment and expertise will be instrumental in accelerating our growth and expanding our product offerings. Together, we will continue revolutionising the rental market, making it more efficient, transparent, and accessible for everyone."

Existing investor 5i Ventures also reaffirmed its support for Rently's development. Dieter Schlosser, General Partner of 5i Ventures, Board Member, and Key Investor in Rently, shared his perspective on the round's success. "The oversubscription of this round is a proof point of the trajectory Rently, and the leadership team have demonstrated. We are very excited to have the new investors on board. The first data points from our geographic expansion to the UAE clearly show the portability of the business model and the scalability of the platform," said Schlosser, who previously served as CEO of SoftwareONE.

Orange Bloom's Role and Strategic Partnership

The partnership between Rently and Orange Bloom highlights the influence of impact-driven investment in reshaping industries and demonstrates how strategic investments can drive systemic change in traditional sectors. Orange Bloom's entry into the proptech and fintech spaces through its investment in Rently reinforces its ongoing commitment to supporting sustainable-focused business models. The collaboration aligns closely with Orange Bloom's Sustainability Fund, which has been active since 2022 and has backed numerous projects focused on sustainability and social impact. Through initiatives like the Sustainability Fund and future investments, Orange Bloom aims to empower a new generation of entrepreneurs who are shaping a more equitable and sustainable world.

To learn more about Rently's innovative rental solutions or partnership opportunities, please visit www.rently.sg.

About Rently

Rently Pte Ltd is a Singapore-based fintech startup dedicated to transforming the property rental market. Offering deposit-free rental options through its Rently Care subscription and providing integrated property management services via the Rently app, the platform ensures that property listings are accessible, flexible, and secure. Designed to connect potential tenants with landlords, agents, and enterprises in a seamless and effective way, Rently is committed to making the renting process more transparent, safe, and efficient. Rently is a subsidiary of REFIN Group Limited.