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AFR: Start-up Lets Property Investors Access Rental Income Early

Posted on
18th July 2022
Author
By Shannon Turnbull

AFR: Start-up Lets Property Investors Access Rental Income Early

Fintech lender Futurerent article in the Australian Financial Review (By Shannon Turnbull, 18th July 2022)

Fintech lender Futurerent, which offers property owners up to $100,000 of their rent in advance, has banked $9 million in its latest funding round after growing its loan book 10 times in the past financial year.

OIF Ventures doubled down after backing the fintech in its seed round. New investors include asset management firm BridgeLane Group, real estate and hospitality investor Mulpha International, investment platform and investor iPartners, family office investment house MFO Investments and real estate-focused fund Second Century Ventures.


Futurerent CEO Godfrey Dinh is helping real estate investors access their rent in advance. 

The company – which was founded in 2019 by former Deutsche Bank Australia vice president Godfrey Dinh – gives property investors their rent in advance, in exchange for a fee of 6 per cent of the annual amount. The sales pitch to customers is that this lets them do renovations or invest in other assets, rather than waiting for future rental income.

Mr Dinh said it only took a month to close its latest raise, despite the challenging broader market conditions for start-up funding.

Read the full article in the AFR.