Rentr and Finexer: Powering Tenant Affordability Checks and Rent Collection

Rentr handles the full letting journey for landlords, tenants and contractors in one place. Property platforms live and die by two unglamorous jobs: getting rent paid on time and knowing with confidence that a tenant can afford the home they are applying for.

The challenge

• Manual income checks slow down every application. Verifying tenant affordability from bank statements by hand does not scale as lettings volume grows.
• Landlords are often left guessing whether rent has arrived. A delay confirming a payment is one of the most common problems UK organisations report, cited by 43.25% in the past 12 months.
• Becoming FCA experts was never the plan. Rentr needed the regulatory groundwork to sit with a partner, not its own team.

The solution

Rentr uses Finexer's Data service to pull real-time banking data during affordability checks, giving landlords and letting agents a clearer picture of tenant finances than a manual statement review. On the payments side, Finexer's Payments service lets tenants pay rent directly from their bank account, settling instantly via Faster Payments rather than sitting in a card processing queue.

The results

Chandrababu thus points to consistency rather than a single standout moment. Asked how likely Rentr is to recommend Finexer, the answer comes without hesitation: very likely.

Why Finexer?

Finexer boasts a wholesome spread of features, such as:

• Real-time banking data for tenant affordability checks, without manual statement reviews
• Rent collection via Pay by Bank, settling instantly via Faster Payments
• Almost all major UK banks covered across high street, challenger and business accounts
• A direct one-to-one bank connection, with multiple data pulls and refreshes, in sync with Rentr's lettings volume
• FCA-authorised infrastructure (FRN 925695), keeping the regulatory groundwork with Finexer

Looking ahead

That includes deepening how Rentr uses banking data across the tenant journey, from onboarding through to ongoing rent reconciliation. Ravi Ranjan, Co-founder and CEO of Finexer, sees the same trajectory. That direction matches the wider market. Pay by Bank and other customer-authorised account-to-account payments are already in active use at 61.43% of UK organisations surveyed, with a further 26.45% planning to introduce them within the next 12 months.

Building a letting platform that needs to be trusted, not just fast

Finexer provides the FCA-authorised Open Banking infrastructure behind Rentr's affordability checks and rent collection, so lettings platforms can build on banking data landlords and tenants can actually rely on.