Rent.com.au Faces Execution Test as It Shifts to Self-Funded RentBond Model
Rent.com.au has reported its strongest half-year revenue to date, driven by robust growth in its RentBond and RentPay platforms, alongside launching self-funded RentBond loans backed by a $10 million debt facility.
- Record half-year revenue exceeding $900k for second consecutive quarter
- Strong growth in RentBond and RentPay validating platform strategy
- Completed integration of lending systems enabling self-funded RentBond loans
- Fully underwritten $2.67 million rights issue strengthens balance sheet
- New referral partnerships and Experian integration to support scalable growth
Record Revenue Milestone
Rent.com.au Limited (ASX – RNT) has delivered a landmark performance for the half-year ending June 2025, with revenue surpassing $900,000 for the second consecutive quarter. This 19% year-on-year growth marks the strongest half-year in the company’s history, underscoring the traction of its renter-focused platform in Australia’s competitive fintech and proptech landscape.
Core Products Driving Growth
The company’s flagship offerings, RentBond and RentPay, have been pivotal to this momentum. RentBond, a move-now-pay-later loan product designed to ease rental costs, has transitioned to a self-funded lending model following the integration of advanced loan assessment systems. This shift is expected to significantly enhance margins, with Rent.com.au anticipating up to six times more revenue per loan compared to its previous referral-based approach.
Meanwhile, RentPay, the digital rent payment and money management app, continues to expand rapidly. Revenue from RentPay grew 68% year-on-year in the June quarter, now accounting for 30% of total group revenue. The product’s appeal is further evidenced by a 58% increase in active customers over the past year, supported by a rise in average revenue per user driven by flexible payment options like credit cards and PayPal.
Strengthening Financial Position
To fuel its growth ambitions, Rent.com.au completed a fully underwritten rights issue, raising $2.67 million before costs. This capital injection, combined with a $10 million senior secured debt facility secured in June 2025, positions the company to scale RentBond’s lending operations and accelerate its path to profitability. The debt facility, carrying a 15% interest rate and maturing in January 2027, remains subject to final conditions precedent, with the first self-funded loans imminent.
Expanding Partnerships and Capabilities
Rent.com.au is also broadening its distribution network through new referral agreements, including a trial with another property portal and an expanded lending capacity partnership with Fair Go Finance. Integration with Experian enhances credit assessment capabilities, ensuring efficient and compliant loan processing. These developments reinforce Rent.com.au’s ambition to deliver a seamless fintech experience tailored to the unique needs of Australia’s eight million renters.
Looking Ahead
With scalable infrastructure and recurring revenue streams gaining momentum, Rent.com.au is entering a new phase of growth. The company’s platform strategy, focused on embedding financial services into the rental lifecycle, aims to create long-term shareholder value while addressing an underserved market segment. Investors will be watching closely as RentBond’s self-funded loans commence and RentPay continues to expand its user base.
Bottom Line?
Rent.com.au’s strategic moves set the stage for scalable, high-margin growth, but execution on self-funded lending and customer expansion will be critical next steps.
Questions in the middle?
- How quickly will Rent.com.au scale self-funded RentBond loans and realize margin improvements?
- What impact will the new referral partnerships have on loan volumes and revenue growth?
- Can RentPay sustain its rapid user growth amid recent rent roll sales and market competition?