RentMoola raises $5 million to accelerate growth in North America

rentmoola

RentMoola has raised a $5 million funding round led by Calgary-based TriView Capital.

The company said the funding will further support its continued North American growth, and accelerate the execution of several key strategic partnerships launching in Q1 2018. To date, RentMoola has raised $10 million, and said it has eliminated rent cheques in more than 400 North American cities.

“Our team and board look forward to working with Craig Burrows and his team at TriView Capital on this financing as RentMoola continues to execute our growth and revenue strategy,” said Patrick Postrehovsky, CEO of RentMoola. “TriView Capital was an early stage investor in our business and I am pleased to be working with TriView Capital on this follow-on financing as our business grows and matures.”

In early June, RentMoola announced an API partnership with Naborly, with Naborly providing a credit data system that manages customer data, fair housing compliance, and high-grade data security infrastructure. RentMoola said that this would allow it to focus on its core competency of coordinating rental payments.

“The company continues to perfect their modelling and have started to execute their plan to grow their user base,” said Craig Burrows, CEO of TriView. “With funding in place, RentMoola is in a position to dramatically grow their business and improve the overall valuation of the company significantly.”

Jessica Galang

Jessica Galang

Jessica Galang is BetaKit's News Editor.