Photo credit: Rnggt

Renting, reinvented

• Ahead of a planned IPO in 2027/28, 500-backed property rental platform Speedhome is launching their 4th equity crowdfunding round.
• The team aims to secure ~US$1.1M to US$2.3M via crowdfunding platform pitchIN, and the funds will be used to strengthen Speedhome’s presence in strategic locations, enhance their technology infrastructure to improve user experience and operational efficiency, and support marketing initiatives to further brand visibility.
• Speedhome has built a tech-driven ecosystem that addresses the needs of property owners and tenants.
• CEO Whei Meng Wong shared, “Our journey is a testament to the power of community-driven growth, and this upcoming round is an opportunity for investors to join us in redefining rental solutions and participate in our exciting path toward an IPO.”
• Investors participating in this round can benefit from unique incentives, including up to 3% bonus shares and cash vouchers.
• With each phase of funding, the team has introduced features such as virtual property tours, automated rent collection, and tenant screening services.
• They achieved revenue of ~US$2.3M as of Sept 2024, with projections of closing the year at ~US$3.2M.
• More details on Speedhome’s pre-IPO round here.
• Read the full story here.