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Rent.com.au Ltd ( (AU:RNT) ) has provided an update.
Rent.com.au Limited has achieved a significant milestone with its RentBond® product, reporting annuity revenue from funded loans exceeding $100,000 in a month for the first time. This marks strong revenue growth and validates the business model, as the company strategically allocates equity capital to fund loans, reducing costs and improving profitability. The increased demand for RentBond® loans highlights the growing value of their offering, with the company well-positioned to scale consistently and deliver long-term growth.
The most recent analyst rating on (AU:RNT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Rent.com.au Ltd stock, see the AU:RNT Stock Forecast page.
More about Rent.com.au Ltd
Rent.com.au Limited is Australia’s leading renter-focused technology platform, designed to meet the financial and digital needs of the country’s 8 million renters. The platform offers services such as RentBond®, a move-now-pay-later loan for rental costs, and RentPay, a digital rent payment app, aiming to support renters throughout their rental journey.
Average Trading Volume: 3,209,165
Technical Sentiment Signal: Buy
Current Market Cap: A$58.16M
See more data about RNT stock on TipRanks’ Stock Analysis page.