Ann: Rent.com.au Secures RentBond Funding Approval, page-4

Finally, something real.After years of fluff, this is the first RNT announcement that actually moves the needle. $10M secured facility to fund RentBond in-house — means 6x revenue per loan vs current model, and they keep the margin instead of handing it off.They’re using RentPay infrastructure to run it lean, so added revenue without ballooning costs. Options at 4c aren’t ideal, but at least they’re aligned long-term.Legal docs still to come, but if they execute this properly, it’s the first time in a long time the “path to profitability” line doesn’t feel like corporate poetry.Let’s see if they deliver.