Zenbase is a Calgary-based startup that offers flexible rent payments by allowing residents to split monthly rent onto personalized payment schedules. The company pays a resident’s rent in full on the first of the month and gives residents 30 days to complete payments, which can be aligned with paydays. Zenbase partners with property management companies to increase on-time rent collections and eliminate operational overhead. It also offers a fee-free cash advance service used by more than 40% of members to cover utilities, groceries, and gas. Since launch the platform has saved residents more than $700 at an annualized rate per resident by helping them avoid overdraft and late fees. With this seed financing Zenbase plans to expand beyond Alberta, Manitoba, and Saskatchewan into Ontario, British Columbia, and the Maritimes.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

May 2022