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Rently Secures $3M Pre-Series A Investment Led by Orange Bloom to Revolutionise the Asian Rental Market

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12 months ago

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SINGAPORE, May 13, 2025 /PRNewswire/ — Rently, a Singapore-based prop-tech platform that lets tenants rent deposit-free while paying landlords on time every month, has closed a US$3 million Pre-Series A led by impact investor Orange Bloom. Hustle Fund, Woh Hup, Feedback Ventures, and 5i Ventures re-upped in the round, which values Rently at US$43 million.

Following this success, Rently is now targeting the close of its Series A funding round by the end of the year, positioning itself to further expand its market footprint and accelerate product development.

Rently: Redefining the Asian Rental Market

Founded in 2022, Rently is now establishing in the UAE and will enter Hong Kong this year. The long-term rental market across Asia is worth more than US$250 billion annually and largely still relies on security deposits and manual processes. Rently is transforming the industry through technology and innovative solutions such as:

Zero deposits, zero friction – Tenants subscribe to Rently Care and move in without locking up two months’ cash.Guaranteed income – Rently Pay ensures landlords receive the full rent on the due date, even if a tenant pays late or defaults.Fully managed – The Rently app covers listings process, contracts, maintenance and insurance in one seamless platform.

Nikesh Kshirsagar, Co-Founder of Orange Bloom, said, “Rently isn’t just another tech startup, it has a deep understanding of future lifestyle trends, strategic corporate partnerships, and a world-class tech platform that simplifies the rental process for users. Orange Bloom firmly believes that Rently is positioned to reshape the rental market, creating efficiencies while integrating responsible, sustainable housing solutions. The co-founders, Dominic, Siebren, Tarik, Emeric, and Kutlay, have done an excellent job assembling a talented, forward-thinking team where innovation thrives. We look forward to being part of Rently’s exciting journey ahead.”

Fund Allocation and Growth Plans

With the proceeds from the Pre-Series A round, Rently plans to accelerate its expansion strategy by scaling Rently Pay across its existing markets, ensuring more landlords benefit from guaranteed, on-time rental income. The company will also localise its platform to support market entry into Hong Kong and two additional Asian cities. To support this development, Rently is also doubling the size of its product and data teams to ensure the platform can scale efficiently.

Dominic Schacher, Co-Founder of Rently, expressed his enthusiasm for the next phase of growth, stating, “We are thrilled to welcome Orange Bloom as our strategic partner. Their investment and expertise will be instrumental in accelerating our growth and expanding our product offerings. Together, we will continue revolutionising the rental market, making it more efficient, transparent, and accessible for everyone.”

Existing investor 5i Ventures also reaffirmed its support for Rently’s development. Dieter Schlosser, General Partner of 5i Ventures, Board Member, and Key Investor in Rently, shared his perspective on the round’s success. “The oversubscription of this round is a proof point of the trajectory Rently, and the leadership team have demonstrated. We are very excited to have the new investors on board. The first data points from our geographic expansion to the UAE clearly show the portability of the business model and the scalability of the platform,” said Schlosser, who previously served as CEO of SoftwareONE.

Orange Bloom’s Role and Strategic Partnership

The partnership between Rently and Orange Bloom highlights the influence of impact-driven investment in reshaping industries and demonstrates how strategic investments can drive systemic change in traditional sectors. Orange Bloom’s entry into the proptech and fintech spaces through its investment in Rently reinforces its ongoing commitment to supporting sustainable-focused business models. The collaboration aligns closely with Orange Bloom’s Sustainability Fund, which has been active since 2022 and has backed numerous projects focused on sustainability and social impact. Through initiatives like the Sustainability Fund and future investments, Orange Bloom aims to empower a new generation of entrepreneurs who are shaping a more equitable and sustainable world.

To learn more about Rently’s innovative rental solutions or partnership opportunities, please visit www.rently.sg.

About Rently

Rently Pte Ltd is a Singapore-based fintech startup dedicated to transforming the property rental market. Offering deposit-free rental options through its Rently Care subscription and providing integrated property management services via the Rently app, the platform ensures that property listings are accessible, flexible, and secure. Designed to connect potential tenants with landlords, agents, and enterprises in a seamless and effective way, Rently is committed to making the renting process more transparent, safe, and efficient. Rently is a subsidiary of REFIN Group Limited.

 

View original content:https://www.prnewswire.com/apac/news-releases/rently-secures-3m-pre-series-a-investment-led-by-orange-bloom-to-revolutionise-the-asian-rental-market-302454935.html

SOURCE Rently

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FranklinWH Introduces Enhanced 15 kWh aPower in Australia and New Zealand

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2 hours ago

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May 3, 2026

By

Expansion comes as policy shifts and rising power costs accelerate demand for residential energy storage

SYDNEY, May 4, 2026 /PRNewswire/ — FranklinWH, a leading provider of whole-home energy management and battery storage solutions, today announced the launch of its enhanced 15 kWh aPower battery in Australia and New Zealand, as demand for residential energy storage continues to grow, driven by evolving policy settings and increasing interest in energy independence.

The updated aPower builds on the company’s established platform, increasing usable capacity from 13.6 kWh to 15 kWh and raising warrantied throughput from 43 MWh to 60 MWh, an increase of 40 percent. These updates deliver more usable energy over the life of the system while maintaining the same footprint and price.

“The energy landscape is shifting quickly, and more homeowners are thinking beyond the upfront specs to what really pays off over time,” said Steve Ruskin, General Manager of FranklinWH Australia. “This upgrade is about delivering more performance over the life of the system, more usable energy, greater throughput, while staying true to our ‘buy once, buy right’ philosophy.”

The increase in warrantied throughput translates into savings for homeowners. Based on typical usage patterns and an electricity rate of A$0.35 per kilowatt-hour, the additional throughput may represent up to approximately A$5,950 in value over the lifetime of the system. The increase in usable capacity also improves energy density, lowering the effective cost per kilowatt-hour and supporting more efficient use of stored energy.

The 15 kWh configuration also aligns with current and upcoming policy frameworks benefitting residential battery adoption. This includes the updated Cheaper Home Batteries Program, with changes coming into effect for Australian homeowners from 1 May, 2026, helping households maximise value as incentives continue to evolve.

As the residential battery market expands, FranklinWH continues to focus on reliability and system performance. The aPower incorporates design elements to support durability, including structural reinforcement to reduce cell stress over time, per-cell temperature monitoring, and the separation of the battery pack and control systems to maintain reliable performance.

“We believe performance should be measured over years, not just at installation,” Ruskin added. “We focus on building systems that deliver consistent, reliable results over time. That long-term perspective is what ultimately defines value for homeowners.”

The aPower is designed to operate as part of the FranklinWH System, an integrated home energy management platform that coordinates energy generation, storage, and consumption. The system is designed to optimise multiple energy inputs, provide reliable backup power, and support more efficient and independent energy use at the household level.

About FranklinWH

FranklinWH Energy Storage is the manufacturer of the FranklinWH System. FranklinWH is a market-oriented, research-driven company focused on next-generation residential energy management and storage solutions. Located in Macquarie Park, Sydney with a global head office in the San Francisco Bay Area, FranklinWH’s team has decades of experience in energy systems, from design, through manufacturing, to sales and installation. FranklinWH is AVL-listed with multiple financial institutions.

Contact: Media@franklinwh.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/franklinwh-introduces-enhanced-15-kwh-apower-in-australia-and-new-zealand-302759086.html

SOURCE FranklinWH Australia Pty Ltd

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Peninsula Visa Launches Comprehensive OCI Processing Services

Published

4 hours ago

on

May 3, 2026

By

Peninsula Visa, a trusted leader in immigration and visa processing services with over 50 years of expertise, today announced the launch of its comprehensive Overseas Citizen of India (OCI) processing services. To celebrate this milestone, Peninsula Visa is offering new users an exclusive 20% discount with promo code OCI20 at checkout.

SAN JOSE, Calif., May 3, 2026 /PRNewswire-PRWeb/ — Peninsula Visa, a trusted leader in immigration and visa processing services with over 50 years of expertise, today announced the launch of its comprehensive Overseas Citizen of India (OCI) processing services. To celebrate this milestone, Peninsula Visa is offering new users an exclusive 20% discount with promo code OCI20 at checkout.

For 50 years, Peninsula Visa has helped families navigate immigration. OCI processing is one of our most impactful services, connecting the Indian diaspora to their heritage. We’re proud to bring our expertise to help families secure OCI status with confidence. Evan James, CEO

A Full Suite of OCI Services

Peninsula Visa’s OCI services cover every stage of the OCI lifecycle, ensuring that members of the Indian diaspora receive expert support from start to finish.

The four service types now available are:

New OCI Application — For foreign nationals of Indian origin, spouses of Indian citizens or existing OCI card holders, and minor children with at least one Indian parent applying for OCI status for the first time.OCI Card Renewal — For card holders whose OCI card has expired, or whose linked passport has been renewed or replaced and requires an updated booklet.Re-issuance (Age Milestones) — OCI cards must be re-issued when minors reach the age of 18 and again when card holders turn 50, due to significant changes in appearance. Peninsula Visa guides clients through both transitions seamlessly.Miscellaneous OCI Services — Covering corrections to existing records, lost or damaged card replacement, address changes, and other administrative updates to the OCI file.

Why Choose Peninsula Visa for Your OCI Application

Peninsula Visa brings decades of institutional knowledge and a client-first philosophy to every OCI case.

Key value propositions include:

Expert Guidance — Dedicated OCI specialists with deep knowledge of consulate requirements, eligibility rules, and documentation standards across all service types.High Approval Rate — A meticulous multi-stage review process that identifies and resolves issues before submission, dramatically reducing the likelihood of rejection or delay.Fast Turnaround — Standard processing in 12-15 Business Days for most OCI service types, with real-time status updates throughout the process.End-to-End Support — Personalized document checklists, secure document uploads, expert form preparation, consulate submission, and post-submission tracking — all in one place.

Launch Promotion

Save 20% on any OCI service — new users only

OCI20

Enter code OCI20 at checkout. Available to new users. No expiration date.

Leadership Perspective

“For 50 years, Peninsula Visa has helped individuals and families navigate the complexities of immigration documentation. OCI processing is one of the most impactful services we have ever added — it directly connects the Indian diaspora to their heritage country in a lasting, meaningful way. We are proud to bring our proven expertise and client-centric approach to this important service, and we look forward to helping thousands of families secure their OCI status with confidence.”

Founded in 1975, Peninsula Visa has built its reputation on precision, transparency, and a genuine commitment to client outcomes. The addition of OCI processing services reflects the company’s ongoing mission to expand its offerings to meet the evolving needs of immigrants and their families across the United States.

Get Started Today

Eligible applicants can begin their OCI journey by visiting Peninsula Visa’s dedicated OCI Services page. New users can take advantage of the 20% launch discount by entering promo code OCI20 at checkout when selecting any OCI service type.

Media Contact

Evan James, Peninsula Visa, 1 4087277515, media@peninsulavisa.com, https://peninsulavisa.com/

View original content to download multimedia:https://www.prweb.com/releases/peninsula-visa-launches-comprehensive-oci-processing-services-302760544.html

SOURCE Peninsula Visa

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Technology

Peninsula Visa Launches Comprehensive OCI Processing Services

Published

4 hours ago

on

May 3, 2026

By

Peninsula Visa, a trusted leader in immigration and visa processing services with over 50 years of expertise, today announced the launch of its comprehensive Overseas Citizen of India (OCI) processing services. To celebrate this milestone, Peninsula Visa is offering new users an exclusive 20% discount with promo code OCI20 at checkout.

SAN JOSE, Calif., May 3, 2026 /PRNewswire-PRWeb/ — Peninsula Visa, a trusted leader in immigration and visa processing services with over 50 years of expertise, today announced the launch of its comprehensive Overseas Citizen of India (OCI) processing services. To celebrate this milestone, Peninsula Visa is offering new users an exclusive 20% discount with promo code OCI20 at checkout.

For 50 years, Peninsula Visa has helped families navigate immigration. OCI processing is one of our most impactful services, connecting the Indian diaspora to their heritage. We’re proud to bring our expertise to help families secure OCI status with confidence. Evan James, CEO

A Full Suite of OCI Services

Peninsula Visa’s OCI services cover every stage of the OCI lifecycle, ensuring that members of the Indian diaspora receive expert support from start to finish.

The four service types now available are:

New OCI Application — For foreign nationals of Indian origin, spouses of Indian citizens or existing OCI card holders, and minor children with at least one Indian parent applying for OCI status for the first time.OCI Card Renewal — For card holders whose OCI card has expired, or whose linked passport has been renewed or replaced and requires an updated booklet.Re-issuance (Age Milestones) — OCI cards must be re-issued when minors reach the age of 18 and again when card holders turn 50, due to significant changes in appearance. Peninsula Visa guides clients through both transitions seamlessly.Miscellaneous OCI Services — Covering corrections to existing records, lost or damaged card replacement, address changes, and other administrative updates to the OCI file.

Why Choose Peninsula Visa for Your OCI Application

Peninsula Visa brings decades of institutional knowledge and a client-first philosophy to every OCI case.

Key value propositions include:

Expert Guidance — Dedicated OCI specialists with deep knowledge of consulate requirements, eligibility rules, and documentation standards across all service types.High Approval Rate — A meticulous multi-stage review process that identifies and resolves issues before submission, dramatically reducing the likelihood of rejection or delay.Fast Turnaround — Standard processing in 12-15 Business Days for most OCI service types, with real-time status updates throughout the process.End-to-End Support — Personalized document checklists, secure document uploads, expert form preparation, consulate submission, and post-submission tracking — all in one place.

Launch Promotion

Save 20% on any OCI service — new users only

OCI20

Enter code OCI20 at checkout. Available to new users. No expiration date.

Leadership Perspective

“For 50 years, Peninsula Visa has helped individuals and families navigate the complexities of immigration documentation. OCI processing is one of the most impactful services we have ever added — it directly connects the Indian diaspora to their heritage country in a lasting, meaningful way. We are proud to bring our proven expertise and client-centric approach to this important service, and we look forward to helping thousands of families secure their OCI status with confidence.”

Founded in 1975, Peninsula Visa has built its reputation on precision, transparency, and a genuine commitment to client outcomes. The addition of OCI processing services reflects the company’s ongoing mission to expand its offerings to meet the evolving needs of immigrants and their families across the United States.

Get Started Today

Eligible applicants can begin their OCI journey by visiting Peninsula Visa’s dedicated OCI Services page. New users can take advantage of the 20% launch discount by entering promo code OCI20 at checkout when selecting any OCI service type.

Media Contact

Evan James, Peninsula Visa, 1 4087277515, media@peninsulavisa.com, https://peninsulavisa.com/

View original content to download multimedia:https://www.prweb.com/releases/peninsula-visa-launches-comprehensive-oci-processing-services-302760544.html

SOURCE Peninsula Visa

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