For me Rentpay is where the money will come from. Currently Rentpay has 6,000 clients paying $10 million+ per month in rent. Let’s say Rentpay clip 1.5% of that revenue per month = $150k per month.
RNT has 350,000+ renter resume clients and landlords that they are now introducing to Rentpay. It’s like when afterpay clip the ticket on a retail sale except RNT have their own customer data mine in front of them. I can only see ARPU doubling in the next 6 months and taking revenue with it as customers adopt this in-house payments system. The risk is integration if they can execute this right they’ve created a truly one stop shop for renters and landlords.
GLTAH
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