Rental Payment Platform Secures $12 Million in Funding
The funding aims to help more tenants pay their rent in flexible monthly installments rather than lump sums.
Updated on Oct. 27, 2026 in Apartments
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Rently has secured a $12 million growth credit facility from January Capital to expand its rental payment platform into new markets. The company provides a service that enables tenants to pay rent in flexible monthly installments while landlords receive scheduled payouts.
Why it matters
Rent can consume up to 40% of a monthly household budget, making flexible payment options a significant tool for managing family cash flow. This new funding aims to help the platform scale its operations to support more renters in the coming year.
Rently currently serves more than 2,400 tenants and has processed over AED 100 million in rental contracts within the UAE. The company reports an annualised rental volume of $50 million across its three active markets.
The players
Rently
A Singapore-based rental payments platform that allows tenants to break large rental payments into monthly installments.
January Capital
An investment firm that provided a $12 million growth credit facility to support the expansion of rental payment solutions.
Dubai Land Department
The government agency responsible for property regulation in Dubai that introduced the Flexi Rent initiative.
The details
The platform functions by decoupling the tenant's payment schedule from the landlord's collection timeline. By financing the gap between the tenant's monthly installments and the landlord's required payout, the service aims to reduce the immediate financial strain on households. As rental markets like Dubai continue to see high contract volume, such platforms offer an alternative to traditional lump-sum rental payments.
Timeline
2025: Dubai registered almost 1.2 million tenancy contracts.
June 2026: The Dubai Land Department launched its Flexi Rent program.
October 2026: Rently secured the $12 million credit facility.
2027: Rently plans to enter additional geographic markets.
The Home Front
This funding reflects a broader trend of financial technology companies attempting to address the high percentage of income required for housing. It follows efforts like the Dubai Land Department's Flexi Rent program to introduce more flexible payment structures for tenants.
If you are looking for more flexibility in your housing payments, check your local rental market for platforms that offer installment payment options. Verify if such services are recognized by your landlord or property manager to ensure your payments are recorded correctly.
The takeaway
Flexible payment platforms are increasingly becoming a part of the rental market to help families manage high housing costs. If you are considering such a service, confirm with your landlord that they accept third-party payment platforms before signing any agreements.
Further reading
Learn more about the latest trends in renting and household costs in our Apartments section.
Source note: This article includes information reported by Wamda.com 4 Sale.
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