RentalsTechnology

Credit card rent payment app helps startup bag another $9M

RadPad allows occupants to pay rent online or through an app

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 ren...