Zenbase, a Calgary, Alberta, Canada-based flexible rent payments company, secured $4.1m in seed funding.
The round was led by Global Founders Capital with participation from Garage Capital and N49P.
The company intends to use the funds to expand beyond Alberta, Manitoba, and Saskatchewan into Ontario, British Columbia and the Maritimes.
Led by Koray Can Oztekin, CEO and Founder, Zenbase enables flexible rent payments and delivers rent day bliss on the first of the month by allowing residents to split their monthly rent payments. They can pay on a personalized rent payment schedule reducing their financial stress and improving resident satisfaction. The company partners with property management companies to increase on-time rent collections and eliminate operational overhead.
In addition to the rent product, more than 40% of Zenbase members have also used its fee-free cash advance service to cover utilities, groceries and gas.