Rent.com.au Draws $1M More from Eldium Facility Amid Rapid RentBond® Expansion
Rent.com.au reports strong early success with its RentBond® loan product, doubling loan volumes in September and drawing down a second $1 million tranche from its $10 million funding facility with Eldium.
- RentBond® loans exceed $1 million funded since launch
- Loan volumes more than doubled in September compared to August
- New loan model generates approximately six times the lifetime revenue
- Second $1 million tranche drawn from $10 million Eldium funding facility
- Distribution channels expanding, including a Gumtree rental listings trial
Strong Early Traction for RentBond®
Rent.com.au Limited, Australia’s leading renter-focused platform, has announced encouraging progress with its RentBond® loan product. Since its launch, the company has funded over $1 million in RentBond® loans, with volumes more than doubling in September compared to August. This rapid uptake signals strong market demand for flexible rental financing solutions.
CEO Jan Ferreira highlighted that the new RentBond® loans are generating around six times the lifetime revenue of the company’s previous model, validating the strategic decision to bring the product in-house. Customer feedback has been overwhelmingly positive, reflecting deeper engagement and satisfaction with the offering.
Funding and Growth Strategy
Rent.com.au has drawn down a second $1 million tranche from its $10 million funding facility provided by Eldium Income Fund, leaving $7.4 million still available to support further scaling. Eldium, co-founded by fintech veterans Matt Leibowitz and Larry Diamond, brings not only capital but also strategic expertise to accelerate Rent.com.au’s growth trajectory.
The company is actively expanding its distribution channels, currently trialing RentBond® integration with Gumtree’s rental listings and engaging with several prospective partners. These initiatives aim to broaden RentBond®’s reach and underpin Rent.com.au’s goal to double monthly revenue as it moves towards group profitability.
Positioning for Sustainable Value
With a strong brand presence and a growing base of recurring users, Rent.com.au is well-positioned to scale its integrated platform, which includes RentBond® and RentPay, a digital rent payment app. The partnership with Eldium is a key enabler, combining financial backing with proven industry experience to build a sustainable, margin-accretive business.
As the company leverages these advantages, investors will be watching closely to see how RentBond®’s momentum translates into broader financial performance and market share gains in the competitive rental fintech space.
Bottom Line?
Rent.com.au’s RentBond® momentum sets the stage for accelerated growth, but execution and partnership outcomes will be critical next steps.
Questions in the middle?
- How will the Gumtree trial impact RentBond®’s customer acquisition and loan volumes?
- What are the detailed financial metrics behind the sixfold revenue increase per loan?
- How quickly can Rent.com.au scale distribution partnerships to sustain growth?
