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§ Private Profile · Sydney, New South Wales, Australia
Fintech platform advancing rental income for property investors in Australia, focused on quick access to funds for property improvements.
Futurerent is an Australian financial technology company that provides digital rental income advances to property investors and landlords. The lending platform allows property owners to access up to AU$100,000 of their future rental income upfront to fund property improvements or new purchases without navigating traditional bank financing complexities. Operating with a digital application process that disburses funds within two days, the firm has reported zero losses and zero non-performing transactions. The company recently raised AU$9 million in Series A funding to support national expansion, following a financial year where it achieved a tenfold increase in its loan book size and an elevenfold increase in total rent advanced. This capital was provided by institutional investors including OIF Ventures, BridgeLane, Mulpha International, and Second Century Ventures. Futurerent was founded in 2019 by former Deutsche Bank vice president Godfrey Dinh.
Futurerent has raised $56.2M across 2 funding rounds.
Futurerent has raised $56.2M in total across 2 funding rounds.
Futurerent has raised $56.2M across 2 funding rounds. Most recently, it raised $50.0M Debt in January 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 10, 2024 | $50M Debt Financing | Maximilien Penel, Dave Garland | — | Announced |
| Jul 19, 2022 | $6.2M Series A | OUR Innovation Fund | Bridgelane, Ipartners, MFO Investments, Mulpha International, Second Century Ventures | Announced |
Futurerent has raised $56.2M in total across 2 funding rounds.
Futurerent's investors include Maximilien Penel, Dave Garland, Our Innovation Fund, BridgeLane, iPartners, MFO Investments, Mulpha International, Second Century Ventures.