Rently Lands $12 Million Credit Facility to Scale Rent Payments

Rently has secured a $12 million growth credit facility from January Capital to expand its rent payment platform across Hong Kong, Singapore, the United Arab Emirates and additional markets.

The facility is built to scale alongside transaction volumes. It lets Rently use credit capital to support its rent flexibility products while preserving equity funding for product development, technology and geographic expansion.

The company currently processes more than $50 million in annualized rental volume. Year-to-date transaction volume runs nearly three times the comparable period in 2025, with more than 2,400 tenants using the platform.

Rently lets tenants choose more flexible ways to pay rent while giving landlords structured and timely payments. Rent is the largest monthly expense for most households, and the company's pitch is that tenants, not landlords, should control how and when that payment happens.

What did Hong Kong deliver so far?

Rently launched in Hong Kong in July 2026. In its first quarter there, tenants using the platform generated HKD 62.1 million — roughly $8 million — of rental transaction volume.

The company offers Hong Kong tenants three specific products. They can earn rewards on rent payments, delay payments according to their cash flow needs, and cut upfront move-in costs by spreading security deposits across a lease.

Rently is also developing partnerships with co-living operators to widen its reach in the Hong Kong market.

Why credit instead of equity?

The debt structure matters as much as the amount. Non-dilutive credit lets Rently fund working-capital-heavy flexibility products with borrowed money, while reserving equity for building products and entering new markets.

"Hong Kong has some of the highest rents in the world, and landlords still ask tenants for a lot of cash upfront. Tenants expect flexibility in their largest monthly line of expense, they should decide how and when they pay the rent. The US$12M facility lets us meet that demand quickly," said Siebren Khamphorst, Co-Founder of Rently.

Jason Edwards, Partner, Growth Credit at January Capital, framed the deal as a financing fix rather than a consumer novelty. "Rently addresses a real financing constraint for tenants across different rental markets. This investment underscores January Capital's commitment to supporting fast-growing companies in the Asia-Pacific region with flexible, non-dilutive credit solutions and we are pleased to partner with Rently through this next phase of growth," Edwards said.

CEO Shiv Mahajan tied the capital directly to approval capacity. "Rent is the biggest payment most people make, and still the least flexible. This capital lets us say yes to more tenants, faster, across the UAE, Singapore and Hong Kong, while our equity stays focused on building new products and expanding into new markets," Mahajan said.

What comes next?

The facility strengthens Rently's capital structure as the company prepares for a Series A fundraising round and plans to enter additional markets in 2027.

Rently operates in Singapore, Hong Kong and the UAE, and uses AI across its operations to improve efficiency as transaction volume grows. That operating leverage question — whether margins hold as volumes triple — is what a Series A investor will probe next.

The company previously raised $3 million in Pre-Series A funding. Its backers include:

• Hustle Fund
• 5I Ventures
• Woh Hup
• Orvel
• Orange Bloom
• Feedback Ventures

With roughly $8 million in first-quarter Hong Kong volume alone and a credit line designed to expand with usage, Rently has the balance sheet to keep underwriting tenant flexibility while it shops its next equity round.