Polish fintech simpl.rent raises $350K from Black Pearls VC

The Poland-based fintech startup simpl.rent has raised a $350,000 investment round. The round was led by Black Pearls VC with participation from Kogito Ventures, Fintek.pl reports.

• Founded in 2019 by Piotr Pajda, Filip Dykas, Marcin Kopeć, and Aleksander Radolak, simpl.rent aims to improve the tenant verification process and reduce risks in the rental market.
• The startup partners with OLX and Otodom and has big clients like Nowodworski Estates, Maxon Nieruchomości, Resi4Rent, and Vantage Development.
• Simpl.rent’s flagship product is the Tenant Certificate, which allows to verify tenants remotely in a few minutes and increases the safety of renting. The solution checks the identity, credit history, and pricing by using the data from financial institutions and open banking.
• Black Pearls VC led the current round. It is a Gdansk-based early-stage venture capital firm focused on tech startups with defensible technology. Since 2008, the firm has made over 40 investments in companies like Telemedico and HeavyFinance.
• The funds will allow simpl.rent to expand its operations abroad and continue digitize the apartment rental market in Poland.