Rent2Cash, a startup based in Rome, has secured EUR 3 million to develop an innovative platform for property owners to receive rental advances. An Italian startup, Rent2Cash, is pioneering rental advance services for landlords, providing up to 3 years’ rent upfront payouts. The company has raised a EUR 3 million pre-seed round and has begun operating in Italy. 

The investment comes from major Italian banking groups, institutional investors, and business angels. The company’s first rental credits were acquired through Banca Finint, with funding obtained through securitising those contracts. 

The funds will be utilised to acquire the initial rental contracts, launch new products and features, particularly in the commercial property sector, and strengthen its technology platform. Rent2Cash also plans to hire 30 new Product, Sales, and Marketing employees in the upcoming months.

Rent2Cash offers upfront payouts of up to 3 years’ future rents to property owners who have rented out their properties. In return, the company handles rent collection, offers personalised client assistance, and guarantees a formal liquidity proposal within 10 days of the client’s request. 

Banca Finint, which manages the securitisation process and serves as an advisor and investor, has played a crucial role in implementing the first securitisation in this sector today.

According to the founders of Rent2Cash, Gianluca Fioranelli, Yilang Chen, and Marco Grassi, this funding round confirms the credibility of their business model and validates their vision and execution so far. The funds will support their efforts in product development, expedite the launch of their commercial real estate products in the coming weeks, and sustain their growth and hiring plans. 

Their project aims to redefine the perceived value of a building by converting a rental contract into immediate liquidity for owners in a market estimated at over EUR 30 billion a year in Italy alone and USD 2.5 trillion globally.

As part of its strategic plans, Rent2Cash intends to expand VAULT, its proprietary algorithm. VAULT, which is currently capable of analysing over 50 variables to assess the state of the property, the rental agreement, and the scores of the owner and the tenant, will soon incorporate new asset classes and expand into the commercial property sector.

Paolo Gabriele, the Head of the Investment Banking Financial Institution at Banca Finint, expressed his enthusiasm for supporting Rent2Cash and becoming an advisor, investor, and servicer of securitisation. 

This investment aligns with their commitment to backing new solutions in the financial market and providing their expertise to promising and innovative businesses.

Rent2Cash’s platform presents a distinctive opportunity in this sector, operating in an unexplored area with significant growth potential. 

The securitisation market, in which Banca Finint has substantial expertise and a leading position in the Italian market, is considered a preferred financial instrument for investors seeking to support disruptive players in the fintech space.

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