RadPad, the provider of a rental search website and payment service that lets users pay their rent with a credit or debit card, has raised an additional $9 million in a Series A funding round.

The raise — which was led by Altpoint Ventures, a firm that also backs on-demand taxi service Lyft — will help RadPad build on recent momentum.

RadPad launched in Los Angeles, but it has recently expanded to cities including Chicago, Washington, D.C., San Francisco, San Diego and Houston. RadPad’s latest funding round brings its total funding to date to $13 million.

“We will continue growing our growth teams in more cities this year while investing more heavily in growing our relationships with listers,” said RadPad CEO Jonathan Eppers.

RadPad touts a user-friendly interface and says it stands out from competitors by catering to renters — millennials, in particular — more than landlords.

But what may earn the startup the most recognition and success is its online rent payment service. The service lets consumers pay their rent using RadPad mobile apps for iPhone or Android or RadPad’s website.

Since launching the product in October 2014, consumers have made more than $8 million in rent payments using the service. Renters can use it to pay their rent with a Visa, MasterCard, Discover, American Express or through Apple Pay in less than 90 seconds, according to RadPad.

Apple’s App Store has ranked RadPad’s rent payment iPhone app as one of the 30 most popular apps where you can use Apple Pay, RadPad said.

Renters in the U.S. — 100 million of them — pay more than $440 billion in rent annually, and renters under 40 comprise more than 60 percent of tenants, said Vadim Tarasov, managing director of Altpoint Ventures, in a statement.

“RadPad uniquely addresses this immense segment of the market with a mobile, visual and increasingly social user experience that is with renters through the entire duration of their home and apartment rental years,” he said.

Tarasov called the firm a “great example of a consumer-centric, mobile Internet company that is disrupting an entire market, which has been slow to adopt new technologies.”

Email Teke Wiggin.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription