HONG KONG--(BUSINESS WIRE)--Oct 27, 2026--
Rently, the platform that lets tenants choose how and when they pay rent, has secured a US$12 million growth credit facility from January Capital, a leading technology investment firm backing high-growth companies across Asia Pacific and beyond.
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The growth credit lets Rently extend its rent flexibility offering across its existing markets, Singapore, Hong Kong and the UAE, and into new ones. It also makes Rently’s growth more capital-efficient: the growth credit scales with transaction volumes, while equity capital stays focused on product, technology and market expansion.
The big picture: one platform, three markets
Rent is the largest recurring expense for most households, reaching up to 43% of monthly household income in Rently’s markets 1, yet it is still paid in rigid, upfront and unrewarding ways. Rently is now running at over USD 50 million in annualised rental volume. Year to date, volume is nearly three times the same period of 2025, with more than 2,400 tenants paying rent through Rently.
Zoom in: Hong Kong
Hong Kong rents are at an all-time high. The Rating and Valuation Department’s private domestic rental index reached a record 210.3 in August 2026, after ten consecutive months of gains. 2 Moving into a new flat typically means paying two months’ deposit plus the first month’s rent upfront, before any agency fee.
Since launch in July 2026, tenants paying rent through Rently in Hong Kong represented HKD 62.1 million (USD 8.0 million) in rental transaction volume. Rently gives tenants three ways to take control of their rent:
Rently is also building partnerships with co-living operators to reach more Hong Kong tenants.
Siebren Khamphorst, Co-founder of Rently, said: “Hong Kong has some of the highest rents in the world, and landlords still ask tenants for a lot of cash upfront. Tenants expect flexibility in their largest monthly line of expense, they should decide how and when they pay the rent. The US$12M facility lets us meet that demand quickly.”
Jason Edwards, Partner, Growth Credit, January Capital, added: “Rently addresses a real financing constraint for tenants across different rental markets. This investment underscores January Capital's commitment to supporting fast-growing companies in the Asia-Pacific region with flexible, non-dilutive credit solutions and we are pleased to partner with Rently through this next phase of growth.”
Shiv Mahajan, CEO of Rently, commented: “Rent is the biggest payment most people make, and still the least flexible. This capital lets us say yes to more tenants, faster, across the UAE, Singapore and Hong Kong, while our equity stays focused on building new products and expanding into new markets.”
The facility strengthens Rently’s capital stack as it gears up for its Series A, to double down on its core offerings and open new markets in 2027. Rently previously raised US$3 million in Pre-Series A funding.
About Rently
Rently is a rental commerce platform that lets tenants choose how and when they pay rent. Headquartered in Singapore and operating in Singapore, Hong Kong and the UAE, Rently lets tenants earn rewards on rent, delay rent payments and lower their move-in costs in Singapore and Hong Kong, and pay rent monthly instead of by upfront cheques in the UAE, while landlords receive structured, timely payouts. Rently uses AI across its operations to scale efficiently. Founded by Tarik Stafford, Dominic Schacher, Siebren Khamphorst and Emeric Martin, Rently is backed by Hustle Fund, 5I Ventures, Woh Hup, Orvel, Orange Bloom and Feedback Ventures, and by a US$12 million growth credit facility from January Capital.
Visit rently.hk for more details.
About January Capital
January Capital is a multi-strategy investment firm headquartered in Singapore, focused on technology-enabled companies across the Asia-Pacific region. The firm serves as a capital solutions provider through its two core strategies: early-stage venture equity and growth-stage credit. Learn more at www.january.capital
Sources
1 Hong Kong Census and Statistics Department. “31.4% median rent-to-income ratio for private residential tenants.” https://www.censtatd.gov.hk/en/data/stat_report/product/B1120114/att/B11201142021XXXXB0100.pdf
2 Rating and Valuation Department, Hong Kong Property Market Statistics: rvd.gov.hk/en/publications/property_market_statistics.html
* Source:AETOSWire
Rently HK (Photo: AETOSWire)
ST. PETERSBURG, Fla. (AP) — Taylor Walls stabbed at Brice Turang's sharp grounder and felt it glance off his glove.
“Knife in the chest,” the Tampa Bay Rays shortstop said.
Tampa Bay's first World Series game at Tropicana Field in 18 years turned into a record-setter for Brewers batters.
Milwaukee became the first team to score eight runs with two outs in a World Series inning, routing the Rays 10-1 on Monday night to take a 3-0 lead in the best-of-seven series.
Turang's two-run single was the second of a postseason-record seven straight two-out hits against starter Freddy Peralta and relievers Cam Booser and Cole Sulser.
Milwaukee turned a 2-0 lead into a 7-0 advantage with hits on three straight pitches by Turang, Garrett Mitchell and Cooper Pratt. The Brewers went on to score eight runs in a 17-pitch span to open a 10-run advantage. Jackson Chourio had a single and a double in the inning, part of his four-hit night.
"Worst feeling in the world, feeling like you let your team down,” a downcast Booser said in the quiet Tampa Bay clubhouse.
Among 25 previous teams that fell behind 3-0 in a World Series, 21 were swept and four lost in five games. Of 43 teams to trail 3-0 in any best-of-seven postseason matchup, only the Boston Red Sox against the New York Yankees in the 2004 American League Championship Series rebounded to win.
“It’s kind of that chip and a chair mentality," Rays manager Kevin Cash said. “We’ve got a seat at the table. We’ve got to do something with the chip. Obviously the only thing we can do is win tomorrow.”
Coming off a pair of one-run wins at American Family Field, the Brewers took a 2-0 lead in the third when Christian Yelich and William Contreras hit opposite-field, one-out RBI singles on consecutive pitches.
“They were very disciplined at the plate,” Peralta said. “Just tried to hit the ball the other way.”
Chourio singled with one out in the fifth and Christian Yelich walked with two outs. Contreras grounded to third and Junior Caminero threw to second as umpire Dan Bellino signaled a forceout. But the call was reversed in the New York replay operations center by umpire Alfonso Márquez, giving Contreras an infield single that loaded the bases.
Caminero may have had a better chance of throwing out Contreras at first base.
“I knew the speed at first base wasn’t necessarily the best in that situation,” Caminero said through a translator. “So going into the moment, once I got the groundball I was going to second base all the way.”
Booser relieved and Turang’s 106 mph one-hopper hit the dirt just past the infield grass, bounced off Walls' glove and into short center field.
“I’d like to have that one back. Those are plays that you’d like to make, that you expect to make even though they may be on the tougher end,” Walls said. “That was pretty much the turning point in the game there.”
Walls dropped to a knee and held out his glove at shoulder level trying to make what would have been an excellent stop, then tumbled as the ball bounced past him.
“You just try to get your eyes as close to where the ball is going to be, the height of the hop,” he said. “Ideally, I guess if you want to talk about fractions, if you can get your glove behind the ball and work more backwards you have a better chance to make the play than if you’re slightly above it having to kind of work down a little bit, which is where I kind of felt I was.”
Mitchell grounded an opposite-field RBI single through the shortstop hole vacated with Walls shifted toward second for the left-handed batter. Pratt followed with a smash off the glove of a diving Caminero that rolled into the left-field corner for a two-run double.
Sal Frelick sliced an opposite-field double that hit the wall on a hop in the left-field corner, scoring Pratt and chasing Booser.
David Hamilton greeted Sulser by lining a shoulder-high fastball into center for a run-scoring single and a 9-0 lead. Chourio then lofted an opposite-field RBI double that hit just in front of the warning track.
Boston set the previous Series high of seven runs with two outs in the fifth inning of the 2007 opener against Colorado, a feat matched three years later by San Francisco in the eighth inning of Game 2 against Texas, according to the Elias Sports Bureau. The Los Angeles Dodgers were the only prior team with eight two-out runs in any postseason inning, scoring 10 with two outs in the first inning of Game 3 against Atlanta in the 2020 NL Championship Series.
Griffin Jax said he'll put the Series deficit out of his mind when he starts Game 4 on Tuesday.
“We just got our butts kicked tonight. I don’t think there’s really much else to say,” Jax explained. “We’ll just kind of forget it and try to sleep it off and come back tomorrow ready to fight.”
See AP’s full MLB coverage here
Tampa Bay Rays third baseman Junior Caminero watches from the dugout during the eighth inning of Game 3 of baseball's World Series, Monday, Oct. 26, 2026, in St. Petersburg, Fla., between the Milwaukee Brewers and the Tampa Bay Rays. (AP Photo/Chris O'Meara)
Tampa Bay Rays shortstop Taylor Walls fields a two-RBI base hit by Milwaukee Brewers second baseman Brice Turang during the fifth inning of Game 3 of baseball's World Series, Monday, Oct. 26, 2026, in St. Petersburg, Fla., between the Milwaukee Brewers and the Tampa Bay Rays. (AP Photo/Morry Gash)
Tampa Bay Rays pitcher Cam Booser leaves the game during the fifth inning of Game 3 of baseball's World Series, Monday, Oct. 26, 2026, in St. Petersburg, Fla., between the Milwaukee Brewers and the Tampa Bay Rays. (AP Photo/Ashley Landis)
Tampa Bay Rays players watch from the dugout during the fifth inning of Game 3 of baseball's World Series, Monday, Oct. 26, 2026, in St. Petersburg, Fla., between the Milwaukee Brewers and the Tampa Bay Rays. (AP Photo/Chris O'Meara)
Milwaukee Brewers designated hitter Christian Yelich celebrates scoring with shortstop Cooper Pratt (12) off a base hit by second baseman Brice Turang during the fifth inning of Game 3 of baseball's World Series, Monday, Oct. 26, 2026, in St. Petersburg, Fla., between the Milwaukee Brewers and the Tampa Bay Rays. (AP Photo/Chris O'Meara)
Milwaukee Brewers second baseman Brice Turang connects for a two-RBI base hit during the fifth inning of Game 3 of baseball's World Series, Monday, Oct. 26, 2026, in St. Petersburg, Fla., between the Milwaukee Brewers and the Tampa Bay Rays. (AP Photo/Chris O'Meara)
Milwaukee Brewers' Jackson Chourio (11) celebrates after scores on a hit by Christian Yelich during the third inning of Game 3 of baseball's World Series, Monday, Oct. 26, 2026, in St. Petersburg, Fla., between the Milwaukee Brewers and the Tampa Bay Rays. (AP Photo/Ashley Landis)
Members of the Tampa Bay Rays watch during the seventh inning of Game 3 of baseball's World Series, Monday, Oct. 26, 2026, in St. Petersburg, Fla., between the Milwaukee Brewers and the Tampa Bay Rays. (AP Photo/Ashley Landis)
