2.7 million Australian households pay in rent every year. Zero rewards. Zero credit building. Zero financial benefit. Bilt proved this model is worth $13B. I did the research. Now I need a fintech co-founder who knows AU credit and payments.
"I've paid $200K in rent over 6 years in Sydney. Not a single Qantas point. Not a single credit score bump. Mortgage holders get rewarded for borrowing. Renters get punished for paying."
"Comprehensive Credit Reporting has been live since 2018 but my rent payments don't show up anywhere. My credit score looks like I don't exist."
"Generation Rent isn't a phase. Median home purchase age keeps rising. We're renting longer and have literally nothing to show for it financially."
"I'm saving for a deposit but the bank has no way to see I've never missed a rent payment in 8 years. How is that not relevant to a mortgage application?"
Processing rent payments or issuing a card requires partnerships with ADIs or fintech infrastructure. This scares away pure-software founders. But you can start with credit reporting alone -- no card needed.
Equifax, Illion, and Experian AU operate under Comprehensive Credit Reporting (CCR) since 2018. The framework technically allows rent reporting, but nobody has built the product to do it at scale.
Every property manager uses different systems: DEFT, BPay, direct debit, bank transfer. No single rent payment aggregator exists to build rewards on top of. The aggregation layer IS the product.
AU interchange rates (0.3-0.8%) are lower than US (1.5-2.5%). But the entry point isn't interchange -- it's subscription credit reporting ($9.99/month) plus the renter-to-mortgage pipeline banks will pay for.
Revenue model: Credit reporting subscription at $9.99-$14.99/month per renter. Rewards tier at $19.99/month. B2B to property managers at $2-$5/tenant/month. Financial product referrals (mortgages, insurance). 50,000 renters = $6M ARR. The bank partnership is the accelerant.
The AI engineering, product, and infrastructure.
The fintech domain expertise, bank relationships, and first users.
This is a co-founder search, not a job ad. I'm looking for someone who wants to own half of this company and build it together from day one.
Fintech domain expertise. Credit bureau and bank relationships. Property management network. First 1,000 renter sign-ups through partnerships.
AI/full-stack engineering. Open banking integration. Credit reporting pipeline. Product design and build. Market research already done.
We'll figure out the right structure together. What matters first is whether we're the right fit.
R&D Tax Incentive (43.5%), Antler/Startmate ($120K-$260K), then Reinventure (Westpac-backed) or NAB Ventures seed round.
"Banks WANT this data. It identifies credit-worthy future mortgage customers. A bank partnership gives you distribution to millions and creates a mortgage origination pipeline worth billions."
Talk to 20 renters aged 25-35 in Sydney. Ask: "Would you pay $10/month to have your rent payments improve your credit score?" Engage 5 property managers on tenant retention tools.
Connect to tenant's bank account via Basiq open banking. Verify rent payments automatically. Report positive payment history to Equifax/Illion. Charge tenant $9.99/month. No card needed.
Target build-to-rent operators (Mirvac, Lendlease Living, Greystar AU). Launch B2B tenant retention product. Apply for R&D Tax Incentive and Antler/Startmate.
Add Qantas points for rent. Launch rewards card with banking partner. Approach Reinventure (Westpac-backed) for seed round. Target 10,000 renters. Build the renter-to-mortgage pipeline.
If you know AU fintech, credit reporting, or payments infrastructure and want to co-found something massive for 2.7M renter households, I'd like to hear from you.
Thanks for reaching out. I'll get back to you within 24 hours. Looking forward to the conversation.