Rently secures USD 12 million in debt financing, putting its Hong Kong rent payment model in focus

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Rently secured USD 12 million in debt financing, with its rent payment model operating across Hong Kong, Singapore, and the UAE. The platform lets Hong Kong tenants pay deposits in installments and supports rent payments via FPS and credit cards, earning HeyMax Max Miles; once a deposit is approved, the platform pays the landlord directly, and tenants repay in installments and pay a service fee. The company says it has processed more than USD 50 million in rent across its markets this year, with both its FPS option and credit card payments involving service fees or additional processing fees.