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§ Private Profile · Calgary, AB, Canada
Zenbase is a technology company.
Zenbase provides a financial technology platform simplifying rent payments for individuals. Its core product allows renters to split monthly rent into flexible installments, easing lump-sum burdens and reducing late fees. Automated rent reporting to credit bureaus enables users to build credit history through consistent payments, benefiting tenants and property managers.
Founded in 2021 by Koray Can Oztekin, Zenbase emerged from the insight that traditional rent cycles often create financial strain and impede credit building. As CEO, Oztekin envisioned transforming rent into a financial asset. He empowers renters through payment flexibility and credit-building opportunities.
Zenbase serves renters seeking payment flexibility and property management firms aiming for resident satisfaction. The company fosters economic inclusion by ensuring rent payments positively impact financial health. Its long-term vision is to cultivate a supportive rental ecosystem where reliable payments empower residents, enhancing financial stability.
Zenbase has raised $3.0M across 1 funding round.
Zenbase has raised $3.0M in total across 1 funding round.
Zenbase has raised $3.0M in total across 1 funding round.
Zenbase's investors include Alex McIsaac, 10T Holdings, Northside Ventures, Seven Seven Six, White Star Capital, Garage Capital, N49P.
Zenbase has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in May 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2022 | $3M Seed | Alex Mcisaac | 10T Holdings, Northside Ventures, Seven Seven SIX, White Star Capital, Garage Capital, N49P | Announced |
# Zenbase: Canada's Financial Wellness Platform for Renters
Zenbase is a fintech company that provides flexible rent payment solutions and credit-building services for Canadian renters and property managers[1][2]. Founded in 2021 and headquartered in Calgary, Alberta, the company addresses a fundamental misalignment in household finances: rent is typically due on the 1st of the month, but most Canadians receive paychecks bi-weekly[2]. Zenbase solves this by allowing renters to split monthly rent payments into two installments while reporting these payments to major credit bureaus (Equifax and TransUnion), enabling renters to build credit through their largest monthly expense[2][6].
The company serves dual stakeholders—renters seeking financial flexibility and stress reduction, and property managers pursuing operational efficiency and improved on-time rent collection[2][4]. Since launch, Zenbase has saved residents more than $700 annually per household by helping them avoid overdraft and late fees, and over 40% of members have also used its fee-free cash advance service for utilities, groceries, and gas[4].
Zenbase was founded in 2021 by a team with deep fintech expertise[1]. The company's Chief Operating Officer, Philipp Postrehovsky, brings 17 years of experience in the fintech sector and previously co-founded RentMoola in 2013, which became one of North America's leading rent collection platforms[4][5]. This background directly informed Zenbase's mission: to eliminate financial stress around rent payments and foster economic inclusion for Canadian renters[2].
The company gained early traction by securing $4.1 million in seed funding led by Global Founders Capital, with additional backing from Garage Capital and N49P[4]. This funding enabled Zenbase to expand beyond its initial markets in Alberta, Manitoba, and Saskatchewan into Ontario, British Columbia, and the Maritimes[4]. The company has also established strategic partnerships, including a recent collaboration with VIDA to serve over 2,000 households across Atlantic Canada[3].
Zenbase operates within the broader fintech-for-financial-inclusion movement, addressing a critical gap in how housing costs interact with credit-building and cash flow management. The company rides several converging trends: the normalization of buy-now-pay-later and flexible payment models across consumer finance, growing emphasis on ESG (Environmental, Social, Governance) initiatives by property management companies, and increasing recognition that traditional credit systems exclude renters despite housing being their largest expense[2][4].
The timing is particularly relevant as Canadian property managers face operational challenges around rent collection and resident retention, while renters struggle with financial stress and limited credit-building opportunities. Zenbase's dual value proposition—operational efficiency for landlords and financial empowerment for tenants—positions it to influence how the property management and fintech sectors converge around resident financial wellness.
Zenbase is well-positioned to become the dominant rent-focused financial wellness platform in Canada. With $4.1 million in seed funding and expanding geographic reach, the company's next phase likely involves deepening penetration in major markets (Ontario and British Columbia) while potentially expanding its financial services ecosystem beyond rent and cash advances[4]. The company's focus on credit reporting and ESG alignment suggests it could become a preferred partner for large property management operators seeking to differentiate through resident financial wellness.
The broader trend favoring flexible payments and financial inclusion suggests Zenbase's core thesis—that rent should build credit and align with real-world pay cycles—will only gain traction. As the company scales, it may influence industry standards around rent reporting and flexible payment expectations, much as its COO's previous venture, RentMoola, helped modernize rent collection across North America[4][5].