Rent.com.au Launches Self-Funding Model for RentBond®

An update from Rent.com.au Ltd ( (AU:RNT) ) is now available.

Rent.com.au has launched a self-funding model for its RentBond® product, having secured a $10 million funding facility. This move allows the company to provide RentBond® loans directly to customers, marking a significant step in its evolution from a listings business to a comprehensive platform for renters. The self-funding approach is expected to significantly increase revenue per loan and enhance the company’s ability to capture recurring, high-margin income. This strategic shift positions Rent.com.au to deepen its engagement with Australia’s rental market and supports its goal of long-term, margin-accretive growth.

More about Rent.com.au Ltd

Rent.com.au Limited (ASX: RNT) 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 a combination of search, services, and financial tools to assist renters throughout their rental journey. Key products include RentBond®, a move-now-pay-later loan for rental costs, and RentPay, a digital rent payment and management app.

Average Trading Volume: 983,302

Technical Sentiment Signal: Sell

Current Market Cap: A$23.99M

For detailed information about RNT stock, go to TipRanks’ Stock Analysis page.