New York based renter payment platform raised $23m in new funding led by Citi and Flourish Ventures.
“Around 50% of the average renter’s paycheck is going to rent. So this is the largest expense of any renter, on a given month,” he said. “And so you would expect that there would be some type of financial services product that would give them the flexibility that they need to come up with the money on time in such a way that they weren’t penalized.”