Rently Secures $12 Million Credit Facility to Expand in the UAE

Singapore-based proptech startup Rently has secured a $12 million growth credit facility from January Capital. The money will fund its rental payment products in Singapore, Hong Kong and the UAE, and in new markets.

Rently lets tenants pay rent in flexible instalments, earn rewards and manage payment schedules. In the UAE, its Rent Now Pay Later service lets tenants pay monthly while landlords receive scheduled payouts. The facility will go towards financing rental transactions, customer acquisition and geographic expansion.

Growth numbers

According to the company, it has processed more than AED 100 million in rental contracts in the UAE, where transaction volume has grown more than fivefold year on year. Across its three markets, Rently reports over $50 million in annualised rental volume and more than 2,400 tenants. Year-to-date volume is nearly triple the same period of 2025.

The company works with agencies such as White & Co, as well as co-living firms and property managers in Dubai and Abu Dhabi. Taimur Khan, Managing Director for the Middle East, said Rently now onboards more tenants in a single quarter than in all of 2025.

Why it matters

Dubai registered almost 1.2 million tenancy contracts in 2025, yet many residents still pay up to a year of rent upfront in one to four cheques, despite earning monthly salaries. In June 2026, the Dubai Land Department launched Flexi Rent to let tenants pay monthly, which shows the issue has become a policy priority.

CEO Shiv Mahajan said the company aims to triple the number of tenants it serves over the next 12 months. Jason Edwards of January Capital described the deal as flexible, non-dilutive credit for fast-growing companies in Asia-Pacific.

Rently is also preparing a Series A equity round of $10 million to $15 million to build new products and enter more markets from 2027. It previously raised $3 million in pre-Series A funding from investors including Hustle Fund, 5I Ventures, Woh Hup, Orvel, Orange Bloom and Feedback Ventures.