Yea they have an all in integrated payments platform, for tradies, agents, renters and landlords with a market place for rental and tradies.So its a DIY rental and maintence service with payments and payment tracking with vertical payment onboarding, they want to be the middleman for 19.95 a month, with outside sources of income like payments for advertising and maintenance. The transaction fee seems extremely high from what i can gather, 1.25%+.27cents per transaction. Which is a lot considering the average rental of $400 Australia wide, they look like they have about 20ppl on the team, so even with 10,000 applicants its 4million a year, it is almost more profitable to invest in the payment platform they use, ezypay if anyone is interested, private could be a bye out in the future for another payments listed company, but i got a feeling their a leap frog company people use to jump start their start ups before moving to someone else.
RNT Price at posting:
25.0¢ Sentiment: Hold Disclosure: Not Held
