FintekNews Deal of the Day – Cozy Lands $8.5M

We love the name of this firm and the web domain – cozy.co – as well.  From the name, you might think they have something to do with selling pajamas or comfy home furnishings online, but in fact, according to their website, Cozy offers “(m)odern property management for landlords, property managers, and renters.”  The great thing about their platform is that landlords can upload listings, which can then be shared socially, receive online applications and run credit checks and screenings, and also automate rent payments, which we think squarely qualifies this firm as a fintech.

They also are a great value. Again, per the site, “Cozy is 100% free for landlords to collect rent from all their tenants. And for renters it’s free to pay by bank-to-bank transfer. We charge for credit reports and background checks, and there’s a small 2.75% transaction fee if tenants pay rent with their credit or debit card. Revenue from screening reports and card payments allows us to offer other services for free.”

To us, this seems like a really great platform for landlords and property managers, and it’s no wonder they are receiving VC backing to further expand.  According to TechCrunch, the most recent round was a Series B investment of $8.5M from American Family Ventures.

Acquisitions
1 Acquisition

Total Equity Funding
$18.37M in 4 Rounds from 13 Investors

Read Full Listing at Crunchbase