Rentoza Secures Capital Injection Led By IDF Capital
Rentoza Secures Capital Injection Led By IDF Capital. Rentoza has announced that it has managed to secure funding in order to expand product access to more consumers across Africa. The company took to LinkedIn to make the announcement.
The post read, “Rentoza recently secured a capital injection led by IDF CAPITAL and included the Vumela Enterprise Development. This funding round represents an enormous step towards realizing the ambition of expanding product access to more consumers – not just in South Africa, but across the continent.”
Rentoza has embarked on the bold mission to democratize and dematerialize ownership of technology devices and appliances for all African consumers. The company is South Africa’s first pure play subscription model for digital goods and appliances, its model is breaking new ground in driving access, affordability and flexibility in the e-commerce ecosystem while remaining distinctly clear of finance and credit consumer propositions.
IDF Capital aspires to be more than just another African business. It is its goal to become catalysts of economic growth across Africa by supporting people on their entrepreneurial journey. The company’s bespoke service offering gives entrepreneurs the boost they need to grow operationally, and become financially independent through leveraging its experience and knowledge of the African market. The company is driven to provide continued sustainability of African businesses through capital and intelligent support. It also believes in the power of small businesses to facilitate trade and create jobs.
Rentoza believes that the subscription economy will be the next leap frog for the African continent and it is its goal to build, scale and purport this economic phenomenon in the region by building an inclusive, technology enabled platform and business.
