Rentify Secures $500,000 to Transform UAE's Rental Market
Deal News | Apr 08, 2025 | Zawya
Rentify, a FinPropTech startup based in Dubai, UAE, has raised $500,000 in pre-seed funding to support its mission of transforming the rental property market. Employing AI-driven technology, the company addresses inefficiencies by providing flexible payment solutions, automated rent collection, and a seamless digital experience for landlords and tenants. Rentify already manages AED 1.5 billion in property value. The funding will accelerate expansion, enhance technological capabilities, and foster strategic partnerships as it aims to secure its position as the leading rental platform in the UAE.
Sectors
- FinTech
- PropTech
Geography
- United Arab Emirates – Rentify is based in the UAE and is focused on transforming the country's rental property ecosystem.
Industry
- FinTech – Rentify is positioned within the FinTech industry due to its focus on financial technologies that enable flexible payment options and automated rent collection.
- PropTech – As a company revolutionizing property management with digital solutions, Rentify operates in the PropTech sector.
Financials
- $500,000 – The pre-seed funding amount secured by Rentify to expand its technological capabilities and market presence.
- AED 1.5 billion – The value of the property managed under Rentify's platform.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rentify | Target Company | Company | A FinTech and PropTech startup in UAE aiming to revolutionize the rental market with digital solutions. |
| Rashed Hareb | Co-founder & CEO | Person | CEO of Rentify, responsible for the company's strategic vision and growth. |
| Rajneel Kumar | Co-founder & COO | Person | COO of Rentify, focusing on operational excellence and strategic partnerships. |
| Bader Hareb | Advisor | Person | An influential figure providing strategic guidance for Rentify. |
| Saeed Al Awar | Advisor | Person | A partner at Rothschild & Co providing strategic input for Rentify. |
| Karl Tlais | Advisor | Person | Founder of iAdvisory, contributing to Rentify’s growth strategy. |