U.S. Fintech Xspaced New Function “FlexRent” to Permit Tenants to Cut up Rental Funds Into Smaller Funds Over the Month

Xspaced, a U.S.-fintech startup that makes a speciality of rental funds, introduced on Thursday the launch of its new function, FlexRent. In keeping with Xspaced, FlexRent permits tenants to separate their hire funds into smaller funds over the month to align their month-to-month hire with their earnings schedule.

“What makes FlexRent extra engaging to American renters in comparison with present options is that it doesn’t require tenants to undergo extra credit score checks, it’s not restricted to particular states or cities, and is on the market nationwide. FlexRent can be 2x-3x cheaper in comparison with present versatile hire fee merchandise, and it doesn’t require a previous approval from the owner for tenants to enroll.”

Whereas sharing extra particulars in regards to the function, Alex Pelin, co-founder at Xspaced, said:

“Our group is worked up to offer this service at a time when hire funds are difficult for tens of millions of Individuals. FlexRent could have a optimistic impression on renters’ means to make well timed hire funds throughout the present pandemic, curb the expansion of shopper debt and produce renters one step nearer to monetary wellness.”

Based earlier this yr, Xspaced is on a mission to create entry to housing at scale.

We construct fintech merchandise for landlords and tenants to allow monetary wellness and entry to housing at scale.