November 22, 2022

Black-Owned REZI Raises $100M To Make Renting Fast, Free, And Fair

Black-owned real estate tech company, REZI, has secured $100 million in debt financing from Stratos Credit. 

REZI’s $100M Investment  

The announcement comes at a time of rapid growth for the platform, which has continuously shaken the status quo.

The company, founded in 2016 by Sean Mitchell, has shaken the real estate space by creating space for the next generation of renters. The additional funding will go towards helping the company expand its services to more property owners and new markets. 

“Stratos has been a core strategic partner of REZI since 2017,” said Sean Mitchell. “This facility marks the next phase in our relationship and the beginning of a new and exciting time at REZI as we expand our service across the country and launch more products for property owners, investors and renters alike,” 

What is REZI?

REZI is a one-of-a-kind leasing and financial technology platform that aims to improve and optimize renters’ leasing experiences.

The company, founded in 2016 by Sean Mitchell, has shaken the real estate space by removing broker fees and application fees, offering virtual tours and on-demand showings, and enabling automatic recurring payments.

Rezi
REZI

The platform leverages the latest technology, analytics, and finance tools to make leasing quick and seamless. In addition, REZI takes all potential risks out of the equation by guaranteeing likely residents’ income before moving forward with the renting process. 

The entrepreneurs and experts have collaborated to build a fast, easy, and accessible experience for potential renters looking for new homes. Removing broker feeds and biased financial eligibility checks to make the process fair and equal for all. 

“REZI has always envisioned a frictionless rental market, where property owners and renters can transact instantly and in a way that’s truly fair to both sides. Having a partner by our side like Stratos has been essential to begin to turn that vision into a reality,” added Mitchell. 

Kumba Kpakima

Kumba Kpakima is a tech reporter at POCIT. A documentary about the knife crime epidemic in the UK got her a nomination for the UK's #30toWatch Young Journalists of the Year.