RentenPe and Mygate Partner to Transform Rent Payments in India
17 Jun 2025 CW Team
Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters.
RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app.
With this integration, all rent payments made via Mygate will now be powered by RentenPe, offering a seamless, secure, and rewarding experience for both tenants and landlords. This collaboration marks a major milestone in RentenPe’s mission to organise India’s largely unstructured residential rental economy. It also supports broader user acquisition goals and helps unlock credit access for renters currently outside the formal credit framework. RentenPe’s services are now available pan India, supporting tenants and landlords in building a digital rental identity.
“This partnership bridges a critical gap in the residential rental ecosystem,” says Sarika Shetty, Co-founder and CEO, RentenPe. “By combining Mygate’s vast community network with RentenPe’s fintech capabilities, we are not just simplifying rent payments — we are building a financial identity for renters. Our Rent Credit Score (R Score™) turns rent into an asset that can improve creditworthiness and unlock future opportunities like loans, zero deposit renting, and even homeownership. This is the future of renting in India and will transform the rental experience for both landlords and tenants.”
Key highlights of the partnership include:
- Integrated Rent Payment Experience: Mygate users can now pay rent via credit/debit cards, UPI, and net banking. Tenants can also access benefits such as cashbacks, reward points, and up to one month’s free rent.
- Build Your R Score™: Each rent transaction helps tenants build their R Score™, enabling eligibility for low-interest short-term loans, rental deposit waivers, and enhanced credibility with landlords.
- R Card™, Your Digital Rental Passport: The R Card™ acts as a verified rental identity integrating the tenant’s profile and R Score™. It provides access to better rental deals and financial products, while offering landlords early rent visibility and comprehensive tenant insights.
- Digital + On-Ground Activation: User awareness will be driven jointly through in-app banners, push notifications, and physical marketing at residential societies and corporate parks, including kiosks, standees, and coupons.
- Empowering Landlords and Tenants: Features such as auto-generated rent receipts, rent history tracking, and the R Card™ will foster greater trust and transparency across the rental ecosystem.
With a presence in over 25,000 societies and more than 4 million households, Mygate provides RentenPe with a powerful platform to advance its goal of integrating rent into India’s formal financial ecosystem. This collaboration strengthens Mygate’s value proposition across the full household journey, while giving RentenPe scale and reach.
“At Mygate, we believe in enhancing the everyday lives of our users,” said Rohit Jindal, Chief Business Officer, Mygate. “RentenPe’s technology helps us offer smarter rent payment solutions—whether it's paying rent on a credit card, building a credit profile, or simplifying the landlord-tenant relationship. Together, we’re solving a real-world problem at scale.”