# Rentigo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rentigo

- Industry: Software
- Headquarters: New York, US
- Website: www.rentigo.com
- Latest round: Seed (Jan 1, 2015)
- Investors on record: 1

## About

Based in New York, Rentigo Inc, founded in 2014, provides innovative solutions for rental payment processing and security deposit management through a user-friendly digital platform.Rentigo Inc specializes in transforming the rental payment landscape. Founded by Ehud Levy and Sivan Blasenheim in New York, the company has evolved to provide tailored solutions for both renters and property managers. The latest funding round occurred on January 7, 2017, with participation from World Trade Ventures, focusing on enhancing their digital platform. The company has completed a total of 2 deals since its inception.Rentigo's primary offerings focus on transforming the rental payment and security deposit landscape through a comprehensive digital platform. The core service allows renters to pay security deposits via certified online payments, customized payment plans, or through a zero-deposit alternative program. This solution addresses common challenges faced by renters, such as the burden of upfront costs and the complexities involved in security deposit management. The platform also features FBO account structures that provide FDIC-insured, interest-bearing accounts compliant with state regulations, enabling real-time balance viewing and tax form management. Rentigo caters primarily to multifamily and single-family property owners, operators, and managers, providing services across various jurisdictions in the United States, ensuring compliance with specific state requirements regarding refund deadlines, interest regulations, and necessary documentation.The revenue model for Rentigo is predicated on transaction-based fees resulting from rental payments and security deposit transactions facilitated through its platform. The company engages in relationships with property managers and landlords to streamline the payment process, enabling them to receive timely rent payments while offering flexible options to renters. Rentigo generates revenue through its service offerings, which may include subscription fees for property management systems integration and transaction fees for each secure payment processed. These transactions may involve various structures such as B2B relationships with property management firms and direct-to-consumer services for renters. The company also offers customizable payment processing solutions, allowing clients to tailor their usage to meet specific business needs, thereby enhancing customer satisfaction and loyalty.Rentigo plans to enhance its platform by launching new features aimed at improving user experience and expanding service offerings. Specific markets targeted for expansion include broader geographic regions within the United States, with particular focus on states with growing rental markets by the end of 2023. The recent funding round in January 2017 will be utilized to support product development and facilitate entry into these new markets, ensuring that Rentigo remains competitive and responsive to the evolving needs of renters and property managers.

## Funding rounds

- Seed, Jan 1, 2015 — SilverTech Ventures

## Investors

- SilverTech Ventures (https://capitalatlas.ai/funds/silvertech-ventures) — Seed