LRANK

LRANK is a technology company that specializes in streamlining the rental process through innovative solutions for landlords, property managers, and tenants, enhancing operational efficiency and user experience. Founded in 2014 and headquartered in London, UK, LRANK focuses on providing integrated services for the rental market. The company has undergone no significant pivots and operates independently. The founder's history is not detailed, nor are there mentions of previous enterprises.

LRANK achieved a notable milestone in November 2016, when it was acquired by Naborly Inc. , a portfolio company of Harris Barton Asset Management, Picus Capital, and ScaleUP Ventures, but no specific funding rounds are disclosed. LRANK offers a comprehensive suite of products designed to facilitate the rental process for various stakeholders including landlords, property managers, and tenants. Their services encompass tenant screening reports, which include credit assessments from Equifax and TransUnion, employment verification, and eviction history checks.

Additionally, they provide an automated rent collection system, ensuring timely deposits into landlords' accounts, along with a Rent Guarantee service that protects against financial risks from missed payments or evictions. The offerings are tailored to urban markets, enabling users to navigate complex rental dynamics effectively. LRANK's revenue model includes structured fees for its services. Tenant screening reports are priced at USD 29.

99 each, while landlords are charged a monthly fee starting at USD 4. 99 per tenant for automated rent collection services. The Rent Guarantee service incurs a variable fee based on a percentage of the monthly rent. This structure supports both B2B and direct-to-consumer markets, allowing landlords and property managers to optimize their rental operations, while tenants benefit from services like tenant insurance and credit building opportunities.

Following its acquisition in November 2016, LRANK will focus on developing new products aimed at enhancing its service offerings. Specific details on product launches and timelines have not been disclosed. The company is also exploring opportunities to expand into new geographic markets, particularly targeting urban centers that display high rental demand. The recent acquisition is expected to bolster its growth initiatives, although no direct funding details are provided to support these plans.