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Rent To Own

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To provide productive assets to micro-entrepreneurs in rural Zambia.
Money in Hand

Total fundings

$2,242,950.00

Parent group

FinTech

Ranking

Rank

578

Overview
To provide productive assets to micro-entrepreneurs in rural Zambia.
Agriculture
Financial Services
FinTech
Country
City
Lusaka
Year Founded
2010
Employee Range
11-50
Latest updates
Similar companies
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About Rent To Own

Rent to Own is an impact-focused for-profit venture based in Zambia. RTO distributes and sells farm and small-business assets in rural areas with a package of financing and services that enables small-scale farmers and entrepreneurs to purchase and profit from income-generating equipment. RTO offers a range of products including irrigation pumps, agricultural processing equipment, and retail refrigeration units. In 2014 RTO doubled sales, and is on track to double volume again in 2015. RTO's clients suffer from a market gap. Farmers & rural entrepreneurs have poor access to productive assets. They face an absence of commercial distribution networks; lack of knowledge to choose & maintain products; and limited income, options for saving, and access to credit. Small-scale farmers and rural business owners seek these assets in order to increase their income. But banks, MFIs, and equipment vendors do not address these gaps and do not supply this market. RTO offers a solution. RTO’s package of services addresses these obstacles to serve the rural market for productive assets. RTO offers its products together with delivery to clients’ farms or businesses; selection of appropriate, durable equipment; any needed accessories; training on operation and maintenance; and a tailored payment schedule. Assets are delivered ready for same-day use. These services enable farmers and rural entrepreneurs to successfully use the assets to grow their income and complete their payments to RTO. RTO’s impact-driven model succeeds when, and because, its clients succeed.

Rent To Own's Team

With over 12 years experience across the board, Rent To Own is led by a team that challenges the status quo

Rent To Own's funding history

Total raised
$2,242,950.00
Latest Round
Convertible Note
No. of Investors
6
RoundDateAmount RaisedInvestors
Convertible NoteJul 10, 2019 $1,142,950.00 Seed Capital (Lead), Dutch Good Growth Fund (Lead)
SeedDec 21, 2018 $1,100,000.00 AHL Venture Partners , Jordan Engineering , Shell Foundation , Small Foundation

Rent To Own’s technology stack

Rent To Own uses over 3 web technology tools on its website. They include tools like widgets, javascript, CMS among others

Widgets

108 technologies used

wordpress-plugins

fonts

feedback-forms-and-surveys

tag-management

Javascript

72 technologies used

jquery-plugin

compatibility

ui

javascript-library

Cms

24 technologies used

open-source

blog

open-source

blog

Rent To Own's trends and social media stats

Dec. 2020Dec. 2020Jan. 2021Jan. 2021Feb. 2021Feb. 2021Mar. 2021Mar. 202172009000178008500Alexa Web traffic200002000016000160001200012000800080004000400000

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