RentPay Technology
RentPay Technology operates a regulated digital rental payment wallet for Australian tenants renting through property management agents, offering flexible pay-cycle-aligned payments, credit building via Scorebuilder, shopping rewards through Paylab, bill smoothing, and microsavings, under an ASX-listed parent (Rent.com.au, RNT).
- Company typePrivate
- Founded2021
- HeadquartersPerth, Australia
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
RentPay Technology firmographics
Firmographics- Name
- RentPay Technology
- Legal name
- RentPay Technology Pty Ltd
- Website
- https://rentpay.com.au
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- RentPay Technology operates a regulated digital rental payment wallet for Australian tenants renting through property management agents, offering flexible pay-cycle-aligned payments, credit building via Scorebuilder, shopping rewards through Paylab, bill smoothing, and microsavings, under an ASX-listed parent (Rent.com.au, RNT).
- Ownership category
- akta.pro rank
RentPay Technology industry classification
Industry- Product category
- Rental Fintech / Digital Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Recurring Billing & AutoPay Management (FSAMAJAE)
- akta.pro secondary industries
- Bank Bill Pay (Consumer & Small Business) (FSAMAJAC), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
Keywords
Where RentPay Technology is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
RentPay Technology business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Transaction Fees: Fees charged on specific payment methods used to fund RentPay account or send money: 1.15% for credit/debit cards, 1.75% for PayPal, 1.50% for Alipay/WeChat Pay, 2.20% for UnionPay, $1.00 flat fee for BPAY.
- Scorebuilder Fees: Scorebuilder credit-building feature generates revenue through: $5 one-time application fee, $1.50 monthly account fee, and $4.00 fortnightly usage fee when balance is outstanding.
- Interest Income: RentPay earns interest on customer balances held in ANZ trust account and passes 2.50% p.a. to customers on balances up to $9,500.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Free core service with pay-per-transaction fees |
| Subscription | Monthly | Scorebuilder optional add-on with subscription and usage fees |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
RentPay Technology product offering
Product offeringCore offering
RentPay Technology operates a digital rental payment wallet that lets Australian tenants pay rent to their property management agents via direct debit, PayID, BPAY, credit/debit cards, PayPal, and international methods (Alipay, WeChat Pay, UnionPay), with funds secured in ANZ Bank trust accounts. The platform adds a credit-building line of credit (Scorebuilder, up to $500 with illion bureau reporting), shopping rewards via Paylab (up to 15% cashback at 140+ retailers), bill smoothing for utilities, and Microsavings earning 2.50% p.a. on cleared balances.
Product overview
RentPay Technology offers a unified digital rental payment platform for Australian renters. The core RentPay account enables flexible rent payments through various methods (direct debit, PayID, BPAY, cards, PayPal, international wallets) with funds secured in ANZ Bank trust accounts. The platform comprises the core payment product plus integrated add-on modules: Bill Smoothing for utility payment management, Paylab for shopping rewards (up to 15% cashback at 140+ retailers), Scorebuilder for credit-building line of credit (up to $500), Microsavings for earning 2.50% p.a. interest, Buffer for emergency fund accumulation, and an Invite a Friend referral program. These modules work together within the single RentPay app ecosystem, allowing renters to manage rent, utilities, savings, and credit building in one place.
Differentiator
Problem solved
Functional benefit
Brands
- Scorebuilder: A credit building feature that provides renters with a line of credit up to $500 to help build their credit score through monthly reporting to illion credit bureau.
- Paylab
- Microsavings
- Bill Smoothing
Products and services
- RentPay (Core Platform)
Quantifiable outcome
- Up to $500 line of credit available for emergency expenses
- +3 more outcomes
Companies that use RentPay Technology
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
RentPay Technology technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature6 records
RentPay Technology partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- PaylabcorePaylab is an innovative app-based rewards platform integrated into RentPay allowing users to earn up to 15% cashback at 140+ Australian retailers. Rewards earned can be transferred to RentPay wallet for rent payments. The partnership provides RentPay users with tangible savings on everyday purchases.
- ANZ BankcoreANZ Bank holds all tenant funds in segregated trust accounts on behalf of RentPay. This is a critical trust and compliance arrangement ensuring customer funds are protected. RentPay promotes this partnership as a key differentiator showing funds are held with a major Australian bank.
- Flexewallet Pty LtdcoreFlexewallet Pty Ltd (AFSL 448066) is the Australian Financial Services Licence holder. RentPay operates as its Authorised Representative (ARN: 001286725). This licensing arrangement is required for RentPay to provide financial services.
- illioncoreillion is one of Australia's leading credit bureaus. RentPay's Scorebuilder feature reports monthly account status to illion to help users build their credit scores. Full credit checks are conducted through illion during Scorebuilder applications.
- Rent.com.au Finance Pty LtdcoreRent.com.au Finance Pty Ltd (ACN 682 816 762, CRN 567695) is the credit provider for the Scorebuilder Low Cost Credit Contract. The entity processes and manages credit applications and loans on behalf of RentPay.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
RentPay Technology competitors and assessment
Company assessmentDirect peers
- RentRedi: US-based rent payment and tenant screening platform serving landlords and renters. Directly comparable to RentPay as a dedicated digital rent collection and tenant financial product with subscription-based features.
- Avail: US rental management platform with online rent payments, tenant screening, and listings. Closely matches RentPay's combination of payments plus landlord/agent workflow tools.
- Cozy: US-focused online rent payment and tenant screening service (now part of CoStar/Apartments.com). Direct competitor in the dedicated consumer rent payment category.
- PayRent: Online rent payment platform focused on tenant-to-landlord payments with credit/debit card funding. Closely comparable transaction-fee model and renter-first positioning.
- TenantCloud: Rental management platform with online rent payments, accounting, and tenant communication. Comparable bundled payments-plus-management approach for the rental vertical.
Broad incumbents
- Zillow Rental Manager: Broad US real estate platform offering rental listings and online rent payments as part of a much larger consumer property portal. Comparable rent payments capability bundled inside a broader marketplace.
- AppFolio: Large US property management software vendor with integrated online rent payments for landlords. Comparable payment functionality targeted at property managers rather than renters directly.
- Buildium: US property management platform (RealPage subsidiary) with online rent payments and tenant portals. Comparable payments infrastructure aimed at the property management channel.
Regional players
- Snug: Australian property management and tenancy platform including payments and tenant communication. Comparable regional competitor targeting Australian property managers and renters.
- Console: Australian property management software with integrated trust accounting and rent processing. Comparable Australian regional player serving the same property manager channel RentPay targets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
RentPay Technology social profiles
Digital presenceRentPay Technology compliance and trust
Trust signalCompliance5 records
RentPay Technology financial estimates
Financial estimateRevenue estimate
Valuation estimate
RentPay Technology leadership team
Management profileNumber of profiles
RentPay Technology funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RentPay Technology M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RentPay Technology
What does RentPay Technology do?
RentPay Technology operates a digital rental payment wallet that lets Australian tenants pay rent to their property management agents via direct debit, PayID, BPAY, credit/debit cards, PayPal, and international methods (Alipay, WeChat Pay, UnionPay), with funds secured in ANZ Bank trust accounts. The platform adds a credit-building line of credit (Scorebuilder, up to $500 with illion bureau reporting), shopping rewards via Paylab (up to 15% cashback at 140+ retailers), bill smoothing for utilities, and Microsavings earning 2.50% p.a. on cleared balances.
Is RentPay Technology a public or private company?
RentPay Technology is a private company. It is classified as corporate owned and is currently operating.
When was RentPay Technology founded?
RentPay Technology was founded in 2021. It employs 11 to 50 people.
Where is RentPay Technology based?
RentPay Technology is headquartered in Perth, Australia, in the Oceania region.
How does RentPay Technology make money?
Three revenue lines are on record. Transaction Fees are the primary driver. The others are scorebuilder Fees and interest Income.
Who are RentPay Technology's main competitors?
Direct peers on record are RentRedi, Avail, Cozy, PayRent and TenantCloud. Broad incumbents are Zillow Rental Manager, AppFolio and Buildium. Regional players are Snug and Console.
Does RentPay Technology have an API?
No public API is recorded for RentPay Technology.
What industry is RentPay Technology in?
RentPay Technology's product category is Rental Fintech / Digital Payments. Its primary akta.pro industry code is FSAMAJAE, Recurring Billing & AutoPay Management, with a secondary code of FSAMAJAC, Bank Bill Pay (Consumer & Small Business). Its NAICS code is 52232 and its SIC code is 6141.