Qira
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | 1.5m | 2.5m |
% growth | - | 67 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$8.0m | Series A | ||
Total Funding | AUD12.4m |
Recent News about Qira
EditQira is a financial management platform tailored for the rental property market. It primarily serves property managers and landlords, offering them innovative solutions to improve cash flow and reduce the risk of bad debt. Qira operates in the real estate and property management sector, focusing on enhancing the financial interactions between property owners and renters.
The core service Qira provides is a flexible rent payment system. This allows renters to pay their rent using various methods such as credit or debit cards, ACH (Automated Clearing House, which is a network for processing payments), or scanned checks. By doing so, Qira ensures that property managers receive a 100% collection rate, as Qira pays the rent on behalf of the resident if necessary. This system is particularly beneficial for renters who might face difficulties in making timely payments, thus reducing the financial strain on them.
Additionally, Qira offers a unique security deposit program. Unlike traditional security deposits, which require renters to pay a large sum upfront, Qira's system allows renters to keep this money in their pockets. This not only eases the financial burden on renters but also speeds up the move-in process. For property managers, Qira assumes the risk and provides double the coverage compared to traditional security deposits.
Qira's business model revolves around providing these financial services and solutions to property managers and landlords. The company makes money through service fees and custom revenue-sharing opportunities with its clients. By offering fully integrated and customizable payment processing solutions, Qira can cater to the unique needs of different property management businesses.
In summary, Qira is a specialized financial platform that enhances the rental experience for both property managers and renters by offering flexible payment options and innovative security deposit solutions.
Keywords: financial management, rental property, flexible payments, property managers, landlords, cash flow, bad debt, security deposit, revenue sharing, customizable solutions.