# Rent to Own (Z)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rent-to-own-z

- Industry: Business Support Services
- Headquarters: Lusaka, Zambia
- Website: www.rtoafrica.com
- Total disclosed funding: $1.1M
- Latest round: Seed (Dec 19, 2018)
- Investors on record: 4

## About

Rent to Own (Z) Ltd. is a company focused on providing innovative solutions that facilitate asset acquisition through a unique rental model, primarily catering to diverse clientele across various sectors.Founded in 2010, Rent to Own (Z) Ltd. operates out of Lusaka, Zambia, specializing in rental solutions that assist individuals and businesses in acquiring assets without upfront purchase costs. The company has engaged in 2 significant deals, with the most recent transaction occurring on July 8, 2019. In this venture, Rent to Own (Z) Ltd. secured EUR 1 million in VENTURE DEBT funding from investors SEED Capital and Triple Jump, bringing the total amount raised to EUR 1.05 million. The current CEO is Jeffrey Scheidegger.Rent to Own (Z) Ltd. offers a range of innovative products to address challenges in asset acquisition, including software solutions that enhance operational efficiencies. Their core offerings include advanced software tailored for small to medium enterprises, large corporations, and public sector organizations. The company's flagship product, launched in 2021, provides real-time analytics, catering to the growing need for data-driven decision-making in various sectors.The company generates revenue through structured software subscription models and partnerships with various industries. Clients subscribe annually to access a suite of software products, including the flagship solution recognized for its analytical capabilities. Additionally, Rent to Own (Z) Ltd. collaborates with wholesalers and retailers to expand market distribution, ensuring a broad reach and supporting recurring revenue through long-term client relationships.Looking ahead, Rent to Own (Z) Ltd. aims to launch new products designed to enhance customer experience and operational efficiency in 2023. The company is also targeting expansion into North American and European markets by 2025, leveraging insights gained from the recent EUR 1 million VENTURE DEBT funding raised in July 2019 to support these initiatives. This funding will be utilized to develop new technologies and enhance marketing efforts as the company seeks to solidify its presence in these regions.

## Funding rounds

- Seed, Dec 19, 2018, $1.1M — Shell Foundation, AHL Venture Partners, Small Foundation, Jordan Engineering Inc.

## Investors

- Shell Foundation — Seed
- AHL Venture Partners (https://capitalatlas.ai/funds/ahl-venture-partners) — Seed
- Small Foundation — Seed
- Jordan Engineering Inc. — Seed