Till, a Washington, D.C.-based fintech platform that helps renters pay and stay in their homes, closed an $8m seed funding round.
The round was led by Route 66 Ventures, MetaProp and NextGen Venture Partners.
The company intends to use the funds to continue to expand operations and its business reach across landlords and renters nationwide.
Led by Founder and CEO David Sullivan, Till provides a flexible rent platform that creates a customized payment schedule that aligns with renters’ individual cash flow. The analytics-driven platform, which was introduced in April 2020, has already been rolled out to 170 properties comprising 30,000 units in 14 states, and has been adopted by up to 30% of renters at some of these properties. The company has formed partnerships with numerous leading real estate owners and property management companies, including First Communities, TM Associates, Redwood Capital Group, ACRE, and Landmark Property Services.