Advertisement
RentenPe, India's pioneering Rent Credit Score™ platform, has partnered with Mygate, the country's leading community management app, to transform rent transactions. RentenPe's payment infrastructure and Rent Credit Score (R Score™) are now integrated into the Mygate app, enabling seamless rent payments via credit cards, UPI, and net banking-offering rewards, cashback, and building tenants' credit profiles. The R Score™ helps renters access loans, zero-deposit rentals, and better homeownership prospects, while landlords gain transparency through the R Card™, a verified digital rental passport. The partnership targets India's fragmented rental market, aiming to formalise rent payments and improve credit access for millions of tenants. Serving over 25,000 societies and 4 million households, Mygate offers RentenPe a nationwide platform to scale. This collaboration sets a new benchmark for tech-driven, inclusive rental services, enhancing trust, transparency, and financial empowerment across India's housing ecosystem.
RentenPe, India's trailblazing Rent Credit Score™ platform, has forged a key partnership with Mygate, the nation's leading community management app, in a move set to revolutionise rent transactions for millions of Indian households. By embedding RentenPe's advanced payment infrastructure and rent credit scoring directly within the Mygate app, rent payments will become more seamless, secure, and rewarding. Advertisement
This collaboration represents a significant milestone in RentenPe's ongoing mission to streamline India's fragmented residential rental economy. It aims to enhance user acquisition while unlocking credit access for renters who currently fall outside formal financial ecosystems. Extending its services nationwide, RentenPe now caters to both tenants and landlords, helping them establish a credible rental identity.
Sarika Shetty, Co-founder and CEO of RentenPe, highlighted that this partnership addresses a crucial gap in the residential rental space by combining Mygate's extensive community reach with RentenPe's fintech expertise. She explained that their Rent Credit Score (R Score™) effectively converts rent payments into an asset, improving tenants' creditworthiness and opening doors to financial benefits such as loans, zero deposit renting, and eventual homeownership. This innovation promises to reshape the rental experience for landlords and tenants alike across India.
Mygate users can now pay rent through multiple channels, including credit and debit cards, UPI, and net banking, enjoying perks like cashback, reward points, and up to one month's rent free. Each rent transaction builds the tenant's R Score™, making them eligible for short-term, low-interest loans and rental deposit waivers while strengthening trust with landlords.
A standout feature of the partnership is the R Card™, a digital rental passport that integrates a tenant's verified rental profile and R Score™. This pioneering digital ID offers tenants access to improved rental deals and financial advantages, while landlords gain early rent limit access and full visibility of tenant profiles, enabling informed decision-making.
To drive adoption, RentenPe and Mygate plan a combined digital and on-ground activation strategy. This will include in-app banners, push notifications, as well as marketing efforts like kiosks, coupons, and standees across residential societies and corporate parks. The platform also empowers both landlords and tenants with automated rent receipts, rental history tracking, and the establishment of a trusted rental identity, fostering transparency and accountability throughout the ecosystem.
With Mygate already serving over 25,000 societies and 4 million households, the integration offers RentenPe an unmatched opportunity to scale its vision of embedding rent payments into India's formal financial framework. As Mygate continues to broaden its household service offerings, the partnership signals a substantial leap forward in delivering comprehensive and value-added rental services.
Rohit Jindal, Chief Business Officer at Mygate, remarked that RentenPe's technology complements their goal to enhance everyday user experiences. He noted that features like credit card rent payments and credit profile building simplify landlord-tenant relationships while addressing a widespread challenge effectively.
RentenPe, co-founded by Sarika Shetty, is a fintech innovator committed to transforming India's residential rental sector. By launching the country's first Rent Credit Score (R Score™), the platform is revolutionising rent payments into valuable financial assets, fostering trust and transparency for landlords, tenants, and real estate professionals alike. This approach aims to reward all stakeholders and cultivate a smarter, more accountable rental ecosystem.
The introduction of innovative tools such as the R Score™ and R Card™ creates new pathways for tenants to access credit and better rental opportunities, while empowering landlords with transparency and control. Together, RentenPe and Mygate are setting new benchmarks for a tech-driven, inclusive rental ecosystem, potentially shaping the future of housing finance in India for years to come.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
