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Black-led proptech REZI scores $100M to help find a home in minutes

Rezi founder
Image credits: Rezi

New York-based rental platform REZI, claiming to be a provider of “Occupancy-as-a-Service”, has secured $100 million in debt financing from its longtime partner Stratos Credit. This financing comes at a time when the company is witnessing rapid growth and has expanded into several new markets in the US, including San Francisco, Los Angeles, and Austin.

Plans to expand its offerings

REZI will use the capital to expand its offerings to more property owners in both existing and new markets. It uses sophisticated tech, including machine learning algorithms to accurately predict vacancy timelines, rent prices, and credit losses. These insights will be used by the company to guarantee leasing performance for property owners who work with it.

“Stratos has been a core strategic partner of REZI since 2017. This facility marks the next phase in our relationship and the beginning of a new and exciting time at REZI as we expand our service across the country and launch more products for property owners, investors, and renters alike” said Sean Mitchell, REZI’s CEO and co-founder. “REZI has always envisioned a frictionless rental market, where property owners and renters can transact instantly and in a way that’s truly fair to both sides. Having a partner by our side like Stratos has been essential to begin to turn that vision into a reality.”

“REZI’s innovative business model is exactly what Stratos strives to invest in. We’re excited to partner with companies that solve big problems using disruptive technologies. Betting on REZI has been an easy decision, and their strong performance for Stratos Credit ( the last several years has only strengthened our conviction,” said Jordan Teramo, Managing Partner of Stratos Credit. “We’re honored to partner with a company that’s solving some of the toughest problems that residential real estate faces today and are eager to see them utilize this new facility to continue their skyward trajectory.”

Fixes rental nightmares

People have been dealing with the same renting nightmares for years, thanks to the slow mail applications, skyrocketing fees, broken leases, and others. There have been quick fixes to these but no one has been able to tackle all the headaches of renting in a new way. ​​

Founded in 2016 by Harsh Yadav, Keenan Williams, and Sean Mitchell in New York, REZI is an alumnus of the startup accelerator Y Combinator. The founders have experienced lengthy, cumbersome rental processes and in some cases acts of discrimination, which led to the inspiration to found REZI. It operates with the goal of automating the rental process, decreasing discriminatory practices in renting, and improving outcomes for property owners.

Helps find a home in minutes

With REZI, one can browse apartments online, take virtual tours, and schedule on-demand showings to see their next home. After finding a place, one can apply and sign a lease online faster than ordering a latte. Its secure online system enables users to pay the rent in a few clicks and set automatic recurring payments. The REZI platform helps lower the discriminatory barriers that can occur in the rental market.

The platform is shaking the status quo of the real estate space for the next generation of renters by rebuilding it from the ground up. It leverages the latest tools in technology, analytics, and finance to revolutionise every aspect of the business. It helps get rid of the inefficiencies to focus on empowering both tenants and property owners every step of the way.

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