Rent had said in the previous quarter that onboarding of a large agency was in process and is to be completed around July. They've said at the end of the Quarter they'd added 800 of 7000 users. God damn that's slow. How are they going to add thousands upon thousands of users from multiple agencies if they were to come knocking?
Despite the new users from their agency clients and the 50% increase in conversion rate of the onboarding process, they've had one of the smallest increases in RentPay customers thus far. Given the slow rate of manual onboarding of agency customers, i do not see a massive increase in the number of RentPay users in the next few quarters.
Rent might become a successful business, but i don't think it's going to be providing the windfalls that many investors think its going to be.
I'm pretty close to removing this one from my watch list after this report.
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2.8¢ |
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Mkt cap ! $23.88M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 220000 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 12900 | 2 |
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| Last trade - 10.46am 30/06/2025 (20 minute delay) ? |
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