Rent provides a platform that lets renters split their monthly rent into two smaller, automatically scheduled payments while ensuring landlords receive the full amount on time. The service integrates with any resident portal via virtual ACH routing numbers and reports successful payments to major credit bureaus at no extra cost, helping tenants improve cash flow and build credit.
Funding
Funding not disclosed
Founders
Product
Problem
Renters often face difficulty managing large monthly rent payments, leading to cash‑flow strain and limited ability to build credit history. Traditional rent payment systems also require landlord involvement or direct portal integration, creating friction for tenants who want flexible payment options.
Solution
Rent App offers a platform that lets renters split their rent into two smaller, automatically scheduled payments while ensuring the landlord receives the full amount on time. The service connects to any resident portal via virtual ACH routing numbers, so no landlord approval or system changes are needed. Successful rent payments can be reported to major credit bureaus at no extra cost, helping tenants build a positive credit profile. Users verify income and identity through secure bank connections, and the platform maintains compliance with SOC 2, CCPA, and GDPR standards to protect personal data. The solution operates entirely within existing payment workflows, providing a seamless, low‑risk way for renters to improve cash flow and credit standing.
Target Audience
Rent App is aimed at renters who need more flexible payment schedules and want to build credit, as well as landlords and property managers who prefer to receive full rent on time without modifying their existing payment portals.
Features
- Split Pay automatically divides rent into two payments (due date and two weeks later) with the landlord receiving the full amount on schedule
- Virtual bank account (routing and account numbers) provided for use in any resident portal that accepts ACH/eCheck payments
- Free credit‑reporting of successful rent payments to major bureaus, boosting tenant credit scores
- Secure income verification and soft credit checks via Plaid, with no impact on credit rating
- Monthly service fee applied to the first split payment, transparently disclosed to the renter
- SOC 2‑compliant infrastructure with CCPA and GDPR adherence, plus regular penetration testing for data security