Rently gets $12M credit facility to grow rental platform in UAE

Rently has secured a $12 million credit facility to grow in the UAE. The Singapore-based rental payments platform announced on 27 October 2026 that it received a $12 million growth credit facility from January Capital. The facility is intended to fund more rental deals and extend Rently’s Rent Now Pay Later and broader rent flexibility offering across its existing markets of Singapore, Hong Kong and the UAE, and into new ones. In the UAE the platform allows tenants to pay rent monthly instead of by upfront cheques, while landlords continue to receive structured, timely payouts. Rently has already handled more than AED 100 million worth of rental contracts in the UAE. Its rental transaction volume there has grown more than fivefold year on year. Across its three markets Rently processes more than $50 million in annualized rental volume. Year-to-date transaction volume is nearly three times the comparable period in 2025, with more than 2,400 tenants using the platform. Shiv Mahajan, chief executive of Rently, said the ambition is to triple the number of tenants served over the next 12 months and become the leading rental payments platform in every market it operates in. He added that the facility provides capital to serve more tenants while equity remains focused on building new products, investing in technology and expanding into new markets. Dubai registered almost 1.2 million tenancy contracts in 2025. Many residents still pay up to a full year of rent upfront in one to four cheques while earning a monthly salary. In June 2026 the Dubai Land Department launched Flexi Rent to let tenants pay rent monthly. Rently previously raised $3 million in Pre-Series A funding. It is preparing for a $10 million to $15 million Series A equity raise and plans to enter additional markets in 2027. The company is headquartered in Singapore and was founded by Tarik Stafford, Dominic Schacher, Siebren Khamphorst and Emeric Martin. It is backed by Hustle Fund, 5I Ventures, Woh Hup, Orvel, Orange Bloom and Feedback Ventures. Rently has not published the interest rate, tenure, covenants or drawdown schedule of the $12 million facility. Those details would show the cost of the credit and the conditions attached to its use. The company has not published the share of the facility that will be allocated to the UAE versus Singapore and Hong Kong or the number of new tenants it expects to onboard in the UAE over the next 12 months. January Capital has not published the size of its growth credit portfolio or the criteria used to select Rently. For UAE tenants the practical change is access to a platform that converts annual or multi-cheque rent into monthly payments, funded by credit capital rather than equity. The value depends on whether the facility is drawn to finance a larger volume of contracts and whether landlords continue to accept the structured payouts. For the company the facility strengthens the capital stack ahead of a planned Series A. Rently has not published a comparison of its current UAE volume with the total value of tenancy contracts registered in Dubai in 2025. Other proptech and rent-finance platforms have also entered the UAE market. Rently pairs a $12 million credit facility with an existing base of more than AED 100 million in handled contracts and fivefold year-on-year volume growth in the UAE. The company has not published a comparison of its expected customer acquisition cost or default rate with other rent-now-pay-later providers or the number of landlords already integrated with its platform. The announcement does not list the real estate agencies or property managers already partnered with Rently in Dubai and Abu Dhabi. Those details would show the distribution reach. Without them the facility remains a description of available credit rather than a measured expansion of financed contracts. If Rently publishes the amount drawn from the facility, the number of new UAE contracts financed and the share of volume coming from the UAE in the next two quarters, the facility has a measurable follow-through. If the next update is only a restatement of the $12 million facility, the change for the market remains the same as the initial announcement. The figures missing are drawdown volume and new UAE contract numbers.