Vancouver-based RentMoola has secured a $5m fundraise after signing new agency agreement with TriView Capital.
RentMoola is an online payment network, which allows tenants and owners to pay rent and other transactions via credit card, debit card, RentMoola Direct Debit and RentMoola Cash. The platform lets users set up monthly direct debits, manage payment transactions and access to deals on travel, home service providers, among others.
Tenants are able to earn points on their rewards credit card or even get cash back. RentMoola is currently used in over 400 North American cities.
The capital injection will be used to support its growth in North America and to accelerate the development with strategic partnerships set to launch Q1 2018.
Total funding raised by RentMoola has now reached $10m, with the company picking up $5m last year from Conservice.
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