Fintech startup RentTrack announced it has secured new financing led by Yabeo.
RentTrack is a streamlined payment portal for renters. For many, rent is their biggest monthly expense, but until now they have never had the credit-building advantages that homeowners take for granted. By reporting rent payments to all three major credit bureaus — the ones lenders use to assess credit worthiness — renters can now build personal credit and take control of their futures as they pay rent.
The company revealed that the funding round will fuel RentTrack’s growth in Canada and the U.K.