Company Interview / Rent Cosmo turns bonds into a win for renters & recurring revenue

Key Points:

Rent.com.au’s RentBond assists renters with over $1 million in loans provided last month Recent $1.5 million funding tranche increases financial capacity for RentBond Company aims to double revenue and achieve profitability by December 2026 National coverage with substantial growth opportunities in the rental market

Rent.com.au (ASX: RNT) has processed over $1 million in new loans in the past month with its RentBond product, providing crucial financial support for tenants navigating Australia’s competitive rental market. Jan Ferreira highlights RentBond as a way to bridge the gap for renters who often face delays in having their previous bond returned, noting that around half of renters do not receive their full bond back, while 20% receive nothing. The RentBond service is offered at no cost if repaid within 21 days, aligning with typical bond refund periods, and transforms Rent.com.au from a transactional rental portal to a business focused on recurring revenue.

Ferreira points out the company processes $6 million in rent weekly and leverages funding from the LTM Income Fund to support RentBond loans, with a recent $1.5 million tranche bringing total funding drawn to $4.1 million from a $10 million facility. This structure supports Rent.com.au’s aim to double monthly revenue by December 2026 and achieve EBITDA profitability, with projections that over 70% of revenue will come from recurring streams.

The business has national reach and sees roughly 400 loans processed monthly out of an estimated 80,000 bonds lodged nationwide each month, highlighting significant growth potential for Rent.com.au (ASX:RNT) as demand for rental solutions remains high.