Rent.com.au: Raising $2.9M for RentPay app
- Leading rental property website, Rent.com.au (RNT), will raise nearly $3 million through a fully underwritten rights issue
- Rent has secured the underwriting agreement with Pinnacle Corporate Finance to raise a total of $2,910,802
- This money will go towards further developing the company’s “RentPay”, its tenancy period product
- Rent’s RentPay app is designed to help tenants pay their rent wherever they are
- It also allows users to track payments, view their rental history and set up reminders
- Rent’s shares remain flat and are trading for 5 cents each at 12:59 pm AEDT
