With 600+ signed up customers and 10 signed deals in Q3 2022 and with a €1.1 M€ pre-money valuation, Rensa is looking to raise €200k pre-seed funding from Nordic investors to:
- Hire more customer support staff to be able to handle bigger demand
- Sign 250 more customers to become cash flow positive by Q1 2023
- Automate processes to decrease costs and need of manual labor
Rensa is a Debt Management Company, which has developed a FinTech solution to help over-indebted people get out of debt.
In a SEPA market worth €712B (+20% CAGR/Year 2016-2022), Rensa was founded in 2021 in Vaasa, Finland. Rensa is monetizing mainly through B2C monthly Debt Management Plans charged to private individuals. Revenue growth is projected at 3X YoY, reaching €15M by 2025. Rensa’s team of 3 executives combines 50+ years of commercial, financial and technology expertise.
Key USPs versus competitors are: Easier & faster sign-up process / customer data acquisition (through “PSD2”), no limit on total debt sizes & different business model (SaaS-type).
Rensa has already invested €150k of its own capital to develop its MVP, which means that, after this investment round is secured, Rensa is fully ready for commercial uptake.
We aim to close this pre-seed round by 31 October 2022, with some minority investors already committed to join with €50k. €5k is the minimum investment ticket size.
Simon Sandvik, CEO and the other founders are speaking with potential investors over the next few weeks and are keen to pitch, demo and open up their traction and financial plans in detail.
Get in touch with Marco Torregrossa to find out more.