Vancouver-based RentMoola has been trying to solve the issue of paying your rent and condo fees by credit and debit card, and as one of North America’s leading fintech companies, they’ve been changing the process around the world.
Taking a step forward in their global expansion, the company has raised $5 million from strategic, accredited, and retail investors, RentMoola announced today. The raise also included a unique opportunity through crowdfunding, giving investors from Canada and around the world the chance to be part of RentMoola’s growth story – “the largest equity crowdfunding round in Canadian history” according to KoreConX founder Oscar A. Jofre.
“We believe the strong support from our investors in a reflection of our unique fintech growth and market opportunity which culminated in a strong year of growth in 2015,” Patrick Postrehovsky, co-founder and CEO of RentMoola, said in a statement. “In 2016 the net proceeds of the Offering will be deployed across our business to ensure the successful execution of our growth strategy in key markets including Canada, U.S., U.K., and Europe.”