• Exceptional Early Traction: Over $1 million of RentBond® loans funded with volumes growing strongly
• Business Model Validation: New loans generating ~6x the lifetime revenue of the prior model
• Expanding Distribution: Discussions with several prospective partners underway, including a trial on Gumtree's rental listings

Rent.com.au Limited (ASX: RNT), Australia's leading platform for renters, has provided an update on the successful rollout of RentBond® and the strong support from its funding partner, the Eldium Income Fund. With most of the initial $1.6 million draw down now deployed, Rent.com.au has requested drawing down a second tranche of $1 million from its $10 million funding facility, which is expected to be received at the start of October. Since the launch of RentBond®, more than $1 million of loans have been funded, with volumes continuing to grow strongly. The new business model is generating around 6 times the lifetime revenue of the prior model, confirming the attractiveness of bringing RentBond® in-house. Rent.com.au's distribution channels are expanding, with discussions with several prospective partners underway, as well as a trial on Gumtree's rental listings. The early results underpin Rent.com.au's goal to double monthly revenue as it drives towards Group profitability. Rent.com.au is proud to work with Eldium, founded by Matt Leibowitz (co-founder Stake) and Larry Diamond (co-founder Zip Co), as the funding partner, leveraging their counsel and experience in building category-defining financial services businesses.

With the next $1 million drawdown, Rent.com.au will still have $7.4 million of the $10 million facility unused, giving the company significant funding capacity to scale.

Rent.com.au is well-positioned to deliver long-term, sustainable value for shareholders as it accelerates the rollout of RentBond®.