Qira Inc.

Qira Inc. , based in Wilmington, US, specializes in property management solutions, focusing on security deposit management and rent payment processing to enhance the rental experience for property owners and tenants alike. Founded in 2021, Qira Inc. provides property management solutions that focus on security deposit management and rent payment processing.

The company formed from the merger of Hello Rented, Inc. and Rentigo Inc. in October 2021. The founders, Ehud Levy, Maya Har-Noy, and Sivan Blasenheim, have previous experience in entrepreneurship.

The company has raised a total of USD 8. 00 mn, with the latest funding round being a Series A led by Phoenix Insurance Company. Qira specializes in providing comprehensive property management solutions, with a primary focus on security deposit management and rent payment processing. The core offerings include certified online payment systems for security deposits, customized payment plans, and a zero-deposit alternative program designed to facilitate a smooth move-in process for renters.

Qira’s platform features FDIC-insured, interest-bearing accounts in compliance with state regulations, enabling real-time balance viewing and tax form management. It caters to multifamily and single-family property owners, operators, and managers, streamlining processes such as move-out management and refund automation through a user-friendly portal. Qira’s revenue model is primarily based on transaction fees and service subscriptions from property management companies and individual renters. Clients engage with Qira’s platform for services like security deposit management and rent payment processing, which can involve various transactions, such as electronic payments made via credit/debit cards, ACH, or alternative payment methods.

This structure allows for flexibility in payment options, including a "Pay Later" feature that permits renters to split their rent into manageable installments. While specific pricing details for individual products or services are not disclosed, the offerings include proprietary tools and features that enhance operational efficiency for property managers. Qira is focused on expanding its product offerings and geographic reach. New features are currently being developed, although specific release dates have yet to be announced.

The company plans to enter additional markets within the United States, aiming for expansion by the end of 2023. The recent funding round of USD 8. 00 mn will be used to support these initiatives. The merger that formed Qira Inc.

in October 2021, which included Hello Rented, Inc. and Rentigo Inc. , is a significant strategic step towards consolidating resources for future growth.