RentGuarantor secures £1.02m funding to drive expansion and AIM listing
() , a provider of rent guarantee services to prospective tenants, issued a follow-up to its May 13, 2025 announcement regarding a fundraise via subscription for new ordinary shares.
said it successfully raised £1,016,977.50 from the sale of 4,067,910 ordinary shares at 25p. The subscription was adjusted for the 10:1 share split approved at RentGuarantor's AGM meeting on June 6, 2025, which comes into effect today.
Following admission of the subscription shares to the AQSE Growth Market at 8:00 AM today, the total issued share capital of comprises 122,859,650 ordinary shares with 1 voting right per share.
RentGuarantor said it would use the proceeds to fund further expansion over the forthcoming year, primarily in terms of hiring additional staff and marketing activities, as well as for general working capital and costs associated with its planned move from the Aquis Stock Exchange to the AIM market of the London Stock Exchange.
Paul Foy, CEO of RentGuarantor, commented: "RentGuarantor continues to grow at nearly 100% per annum, supported by the increased need for landlords to de-risk their positions as the new Renters Reform Bill comes into force this year. This landmark legislation provides a very exciting opportunity for RentGuarantor to scale the business with immediate effect.
The funds raised will enable us to expand our team, ensuring we can effectively manage the large volume of inbound inquiries from letting agents and industry suppliers, such as reference companies seeking partnership agreements. We will continue to invest in leading-edge technologies that enhance security and drive sustainable growth. 2025 is set to be another record-breaking year for the company."
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RentGuarantor has confirmed a successful fundraise of over £1m via subscription at 25p to fund its next stage of growth. was trading at 25.25p at the time of the announcement. The fundraise is coinciding with a 10:1 share split announced earlier in June, aimed to improve liquidity and broaden retail participation in the stock. To that end, is also planning a move to AIM from AQSE, which the fundraise will support.
The new shares were admitted to trading on AQSE at 8:00 AM on June 11, 2025. Following the subdivision, has a total of 122,859,650 shares in issue, each carrying 1 voting right, with no shares in treasury. The timing of the share split and fundraise suggests a strategic effort to enhance marketability and investor accessibility ahead of further corporate developments.
Founded to offer a digital rent guarantor service across the UK's private rental sector, RentGuarantor operates an online platform designed to streamline the process for tenants who require a guarantor to secure housing. The service targets applicants across a wide socio-economic range, including students, benefit claimants, and retirees, aiming to provide same-day processing via its proprietary digital platform.
The combined effect of the fundraise, share split, and move to AIM should be a bolstered balance sheet and continued growth, as looks to expand its shareholder base within the much larger AIM market.
The new £1.02m fundraise, alongside the £455k subscription completed in January 2025, should extend 's cash runway through its rapid growth phase, marked by a 92% YoY revenue growth as reported in the Q1 2025 update. The revenue surge was fueled by the addition of 91 new partners, including 4 councils.
Earlier in 2025, RentGuarantor reported similarly stellar full-year results, with a 72% increase in turnover to £1.27m in FY24, building on similar revenue performance in FY23 and FY22. The surge in sales was driven by a 50% increase in tenant contracts, coupled with a 14% rise in the average contract price. Strong demand for 's services was underpinned by 165 new partnership agreements with a range of customers from across the letting sector.
Demand for 's services has been bolstered by regulatory changes, with the upcoming Renters' Rights Bill set to introduce new legislative requirements for the rental market. The regulation is good news for 's professional services as it is likely to drive increased demand from both tenants and landlords seeking secure and compliant rental solutions.
Overall, is well-positioned for continued growth in the short-to-medium term. Favourable regulation and a solid pipeline of partnerships and continued business development, alongside the £1.5m YTD boost to the balance sheet, sets the stage for continued growth in user numbers, currently at 25,000 new signups per month.
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