The company raised a pre-seed investment of EUR550,000 at a valuation of more than EUR5 million and was selected in both Top 10 Vestbee – a ranking of the most promising early-stage startups in the Central and Eastern Europe, as well as in Google’s Startups Growth Program, the quoted source said.
During testing, the platform recorded more than 150,000 visits and listed property in such cities as Bucharest, Cluj-Napoca, Iasi and Timisoara.
“We set out to provide an option to the traditional brokerage system, which is old and ineffective. rentnbuy restores control to landlords and tenants, eliminating fees and barriers between them. We believe in a fairer, more digital and more transparent future for all real estate actors,” said Alex Kis, co-founder and CEO of rentnbuy.
The company plans to expand fast to markets in Central and Eastern Europe.
(English version by Loredana Fratila-Cristescu)