Occubuy is a rewards platform that turns on‑time rent payments into points which can be redeemed as deposit credits toward homes in a network of over 100,000 properties. By linking bank accounts, the app automatically tracks rent, awards points for punctuality, savings milestones and referrals, and provides a calculator to project deposit value, helping Australian renters build equity toward first‑time homeownership.
Funding
Funding not disclosed
Founders
Product
Problem
Renters typically receive no financial benefit from their monthly rent payments, and they often struggle to save enough for a home deposit, delaying first‑time homeownership.
Solution
Occubuy offers a rewards platform that converts on‑time rent payments into points. Users link their bank accounts, and the app securely tracks rent payments, awarding points for punctuality and streaks. Bonus points can be earned through savings milestones, personalized offers, and referrals. Accumulated points are redeemable as deposit credits toward properties in a network of over 100,000 homes. The system provides a calculator to estimate potential deposit value, helping renters see a clear path toward buying their first home.
Target Audience
Primary users are renters in Australia who are planning to purchase their first home, as well as property sellers seeking to tap into a motivated buyer pool.
Features
- Bank‑level integration that automatically verifies and records rent payments while protecting user data
- Points accrual model that rewards on‑time payments, streaks, and additional actions such as savings contributions and referrals
- Bonus point boosters and personalized offers to accelerate point accumulation
- Redemption mechanism that converts points into deposit credits for any property within the 100k‑plus home network
- Mobile app with a calculator tool to project point earnings and corresponding deposit value over time
- Real‑time dashboard showing points balance, streak status, and available properties for redemption