Rent 2 Own is Hire Purchase focused fintech company located in Mayanmar
Business Model:
Revenue: $0
Employees: 501-1,000
Address:
City: Yangon
State: Yangon
Zip:
Country: Myanmar
Rent2Own is the first company in Myanmar offering a flexible rental service to help prospective buyers acquire asset . Providing tailored options to those in need of asset, but lacking the means to buy in one go. Their main focus is helping entrepreneurs, often farmers, to buy the asset they need to generate income and grow their business. Life is dynamic and ever changing and they help their clients adapt to new circumstances with their flexible contracts that include maintenance and insurance. The contracts can be adjusted anytime and early-terminated without penalty. Thinking about swapping your old motorcycle for a new one? Rent2Own offers the possibility to upgrade. In addition, the option to purchase the bike is available for the whole duration of the contract. After all payments are completed, the ownership of the bike is transferred to the client. They take pride in improving rural mobility. The impact of the availability of transportation can be hardly overstated. A motorcycle helps kids go to school and receive an education. It makes it possible for farmers to sell their products at more distant markets, where they might fetch a higher price. And for those who have found a job further away, a motorcycle allows them to commute.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 1/2017 | Venture Round | $4M | 4/2019 | Debt Financing | 1 | $3M |
Incofin Investment Management Incofin Investment Management |
11/2018 | Series A | 3 | $6M |
agRIF Daiwa PI Partners Deutsche Investitions- und Entwicklungsgesellschaft mbH agRIF Daiwa PI Partners Deutsche Investitions- und Entwicklungsgesellschaft mbH |
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